Use this page as a one-stop reference for everything related to Bank of India's AKHBAR NAGAR branch in AHMEDABAD, GUJARAT. The branch's IFSC code BKID0002049 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Bank of India's AKHBAR NAGAR branch, the IFSC BKID0002049 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and 002049 identifies this particular branch.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Akhbar Nagar |
| IFSC Code | BKID0002049 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MILLENIUM PLAZA NEAR AKHBAR NAGAR CIRCLENAVA VADAJ |
| City | Ahmedabad |
| District | Ahmedabad |
| State | Gujarat |
| STD Code | 79 |
| Phone | 7927640450 |
About the bank
Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Akhbar Nagar branch in Ahmedabad, Gujarat is part of this network and uses the IFSC code BKID0002049 for all electronic settlement.
About this branch
The branch is located at MILLENIUM PLAZA NEAR AKHBAR NAGAR CIRCLENAVA VADAJ. It serves the Ahmedabad region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bank of India. The IFSC BKID0002049 is used to identify this branch on the RBI payments network.
Why every Bank of India branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including AKHBAR NAGAR of Bank of India — its own 11-character IFSC. The code BKID0002049 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC BKID0002049 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC BKID0002049
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC BKID0002049 across all three.
NEFT to Bank of India, AKHBAR NAGAR using IFSC BKID0002049
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC BKID0002049, and confirm that the system picks up Bank of India – AKHBAR NAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to AKHBAR NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's AKHBAR NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0002049 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of India AKHBAR NAGAR (IFSC BKID0002049)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0002049 in your mobile or internet banking app, and the money is credited to the AKHBAR NAGAR branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Akhbar Nagar
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC BKID0002049:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at AKHBAR NAGAR is still linked to IFSC BKID0002049.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Bank of India's AKHBAR NAGAR branch, the IFSC BKID0002049 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Akhbar Nagar branch
Once you have an account at Bank of India – AKHBAR NAGAR, the IFSC BKID0002049 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Akhbar Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 79-7927640450.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC BKID0002049
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Bank of India carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC BKID0002049 and the account number together uniquely identify the Akhbar Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC BKID0002049
Bank of India customers can register for net banking and the bank's official mobile app once their account at the AKHBAR NAGAR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC BKID0002049 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Bank of India – AKHBAR NAGAR:
- The IFSC is exactly BKID0002049 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Bank of India as the bank name and AKHBAR NAGAR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Akhbar Nagar branch sits at MILLENIUM PLAZA NEAR AKHBAR NAGAR CIRCLENAVA VADAJ. If you are travelling from outside Ahmedabad, search for the branch on a maps application using the bank name and locality, or call 79-7927640450 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC BKID0002049 and your account number.
Verifying IFSC BKID0002049 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm BKID0002049 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 79-7927640450.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Akhbar Nagar are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to BKID0002049 continue to work without interruption.
Branch address & contact
Bank of IndiaAkhbar Nagar Branch
MILLENIUM PLAZA NEAR AKHBAR NAGAR CIRCLENAVA VADAJ
Ahmedabad, Gujarat
Phone: 79-7927640450
IFSC: BKID0002049
Frequently asked questions
Where is Bank of India Akhbar Nagar branch located?
Bank of India's Akhbar Nagar branch is located at MILLENIUM PLAZA NEAR AKHBAR NAGAR CIRCLENAVA VADAJ, Ahmedabad, Gujarat.
How quickly will an NEFT transfer using BKID0002049 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Akhbar Nagar reflect within 30 minutes.
What is the IFSC code of Bank of India Akhbar Nagar branch?
The IFSC code of Bank of India, Akhbar Nagar branch is BKID0002049. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC BKID0002049 the same for all accounts at Akhbar Nagar branch?
Yes. The IFSC BKID0002049 is shared by every account held at Bank of India's Akhbar Nagar branch. Only the account number changes from customer to customer.
Is IFSC BKID0002049 valid for NEFT and RTGS?
Yes. IFSC BKID0002049 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Bank of India Akhbar Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 79-7927640450 to confirm.
What is the phone number of Bank of India Akhbar Nagar branch?
You can reach the branch at 79-7927640450 during regular banking hours.
How do I add Bank of India Akhbar Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0002049, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: BKID0002049 is the IFSC code of Bank of India, AKHBAR NAGAR branch, in AHMEDABAD, GUJARAT. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
