If you are searching for the IFSC code of Bank of India, MPGB MULTAI branch in BETUL, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is BKID0MG8001. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the MPGB MULTAI branch, and detailed step-by-step guides for using the IFSC BKID0MG8001 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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 MPGB MULTAI branch, the IFSC BKID0MG8001 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and MG8001 identifies this particular branch.
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 Multai branch in Betul, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG8001 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Multai |
| IFSC Code | BKID0MG8001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | STATION ROAD TEHSIL MULTAI DISTT BAITUL 460661 |
| City | Betul |
| District | Betul |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9424362144 |
About this branch
The branch is located at STATION ROAD TEHSIL MULTAI DISTT BAITUL 460661. It serves the Betul 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 BKID0MG8001 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 MPGB MULTAI of Bank of India — its own 11-character IFSC. The code BKID0MG8001 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 BKID0MG8001 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 Multai branch
Once you have an account at Bank of India – MPGB MULTAI, the IFSC BKID0MG8001 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 Multai 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 BKID0MG8001
How to transfer money using IFSC BKID0MG8001
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 BKID0MG8001 across all three.
NEFT to Bank of India, MPGB MULTAI using IFSC BKID0MG8001
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 BKID0MG8001, and confirm that the system picks up Bank of India – MPGB MULTAI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0MG8001
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Bank of India – MPGB MULTAI, ensure your bank's portal accepts IFSC BKID0MG8001 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Bank of India MPGB MULTAI (IFSC BKID0MG8001)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0MG8001 in your mobile or internet banking app, and the money is credited to the MPGB MULTAI branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Mpgb Multai
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 BKID0MG8001:
- 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 MULTAI is still linked to IFSC BKID0MG8001.
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 MPGB MULTAI branch, the IFSC BKID0MG8001 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.
Online banking and IFSC BKID0MG8001
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB MULTAI 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 BKID0MG8001 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 BKID0MG8001 and the account number together uniquely identify the Mpgb Multai branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC BKID0MG8001
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Bank of India – MPGB MULTAI, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
BKID0MG8001. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Mpgb Multai branch
The branch is located at STATION ROAD TEHSIL MULTAI DISTT BAITUL 460661, which puts it inside Betul, the broader Betul district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Mpgb Multai branch” — the verified location pin for IFSC BKID0MG8001 should appear at the top of the results.
- Confirm the branch is open by calling 91-9424362144 before stepping out, especially around public holidays.
- 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 BKID0MG8001 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC BKID0MG8001 for Bank of India – MPGB MULTAI, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Mpgb Multai branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0MG8001, however, work 24x7.
Branch address & contact
Bank of IndiaMpgb Multai Branch
STATION ROAD TEHSIL MULTAI DISTT BAITUL 460661
Betul, Madhya Pradesh
Phone: 91-9424362144
IFSC: BKID0MG8001
Frequently asked questions
How do I add Bank of India Mpgb Multai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0MG8001, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Bank of India Mpgb Multai branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9424362144 to confirm.
Is IFSC BKID0MG8001 valid for NEFT and RTGS?
Yes. IFSC BKID0MG8001 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Bank of India Mpgb Multai branch located?
Bank of India's Mpgb Multai branch is located at STATION ROAD TEHSIL MULTAI DISTT BAITUL 460661, Betul, Madhya Pradesh.
Can I use IFSC BKID0MG8001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0MG8001 to send funds instantly.
Is IFSC BKID0MG8001 the same for all accounts at Mpgb Multai branch?
Yes. The IFSC BKID0MG8001 is shared by every account held at Bank of India's Mpgb Multai branch. Only the account number changes from customer to customer.
What is the phone number of Bank of India Mpgb Multai branch?
You can reach the branch at 91-9424362144 during regular banking hours.
Final notes
To recap: BKID0MG8001 is the IFSC code of Bank of India, MPGB MULTAI branch, in BETUL, MADHYA PRADESH. 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.
