IFSC Code of Bank of India, Mpgb Vidisha Road Ashoknagar Branch, Madhya Pradesh

This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, MPGB VIDISHA ROAD ASHOKNAGAR branch in ASHOKNAGAR. The 11-digit IFSC BKID0MG2514 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Bank of India at the MPGB VIDISHA ROAD ASHOKNAGAR location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Bank of India – MPGB VIDISHA ROAD ASHOKNAGAR is BKID0MG2514. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters MG2514 map to this branch in ASHOKNAGAR, MADHYA PRADESH.

About the bank

Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mpgb Vidisha Road Ashoknagar branch in Ashoknagar, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG2514 for all electronic settlement.

Branch details at a glance

Mpgb Vidisha Road Ashoknagar branch overview

Located at MAHARANA PRATAP CHOWK, VIDISHA ROAD, PURANA BUS STAND, ASHOKNAGAR DISTRICT ASHOKNAGAR 473331, the Mpgb Vidisha Road Ashoknagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0MG2514 is required for all interbank electronic transfers routed through this branch.

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 MPGB VIDISHA ROAD ASHOKNAGAR of Bank of India — its own 11-character IFSC. The code BKID0MG2514 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 BKID0MG2514 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Mpgb Vidisha Road Ashoknagar branch

Once you have an account at Bank of India – MPGB VIDISHA ROAD ASHOKNAGAR, the IFSC BKID0MG2514 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.

Products and services

Customers walking into the Mpgb Vidisha Road Ashoknagar branch can access most of Bank of India's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC BKID0MG2514

How to transfer money using IFSC BKID0MG2514

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 BKID0MG2514 across all three.

NEFT to Bank of India, MPGB VIDISHA ROAD ASHOKNAGAR using IFSC BKID0MG2514

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 BKID0MG2514, and confirm that the system picks up Bank of India – MPGB VIDISHA ROAD ASHOKNAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MPGB VIDISHA ROAD ASHOKNAGAR

If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's MPGB VIDISHA ROAD ASHOKNAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0MG2514 while initiating the transfer and the credit will appear within minutes.

IMPS to Bank of India MPGB VIDISHA ROAD ASHOKNAGAR (IFSC BKID0MG2514)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0MG2514 in your mobile or internet banking app, and the money is credited to the MPGB VIDISHA ROAD ASHOKNAGAR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Mpgb Vidisha Road Ashoknagar

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 BKID0MG2514:

• 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 MPGB VIDISHA ROAD ASHOKNAGAR is still linked to IFSC BKID0MG2514.

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.

UPI payments and IFSC BKID0MG2514

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Bank of India – MPGB VIDISHA ROAD ASHOKNAGAR is still mapped to IFSC BKID0MG2514. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC BKID0MG2514 and the beneficiary's account number to complete the transfer.

Online banking and IFSC BKID0MG2514

Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB VIDISHA ROAD ASHOKNAGAR 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 BKID0MG2514 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.

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 BKID0MG2514 and the account number together uniquely identify the Mpgb Vidisha Road Ashoknagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – MPGB VIDISHA ROAD ASHOKNAGAR:

• The IFSC is exactly BKID0MG2514 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 MPGB VIDISHA ROAD ASHOKNAGAR 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.

How to reach the Mpgb Vidisha Road Ashoknagar branch

The branch is located at MAHARANA PRATAP CHOWK, VIDISHA ROAD, PURANA BUS STAND, ASHOKNAGAR DISTRICT ASHOKNAGAR 473331, which puts it inside Ashoknagar, the broader Ashoknagar district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Bank of India Mpgb Vidisha Road Ashoknagar branch” — the verified location pin for IFSC BKID0MG2514 should appear at the top of the results.
2. Confirm the branch is open by calling 91-8369243218 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC BKID0MG2514 and your account number.

Verifying IFSC BKID0MG2514 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 BKID0MG2514 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-8369243218.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Mpgb Vidisha Road Ashoknagar 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 BKID0MG2514 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BKID0MG2514 belongs to Bank of India's MPGB VIDISHA ROAD ASHOKNAGAR branch, located at MAHARANA PRATAP CHOWK, VIDISHA ROAD, PURANA BUS STAND, ASHOKNAGAR DISTRICT… in ASHOKNAGAR, MADHYA PRADESH. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.