This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, CHANDERAI branch in CHANDERAI TAL DIST RATNAGIRI. The 11-digit IFSC BKID0001432 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 CHANDERAI 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, BKID0001432 is the IFSC of Bank of India's CHANDERAI branch. The format is fixed: BKID = bank code, 0 = reserved, 001432 = branch identifier.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Chanderai |
| IFSC Code | BKID0001432 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT CHANDERAI POST IBRAHIM PATTANTALUKA DIST RATNAGIRI |
| City | Chanderai Tal Dist Ratnagiri |
| District | Chanderai Tal Dist Ratnagiri |
| State | Maharashtra |
| STD Code | 2352 |
| Phone | 2352245235 |
Bank profile
Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Chanderai branch — IFSC BKID0001432 — extends the bank's services to customers in and around Chanderai Tal Dist Ratnagiri, Maharashtra.
About the Chanderai branch
The Chanderai branch of Bank of India is situated at AT CHANDERAI POST IBRAHIM PATTANTALUKA DIST RATNAGIRI. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code BKID0001432 is used.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Bank of India's CHANDERAI branch came to be assigned the code BKID0001432.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC BKID0001432, money simply cannot be routed to the CHANDERAI branch electronically.
How to transfer money using IFSC BKID0001432
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 BKID0001432 across all three.
How to use IFSC BKID0001432 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's CHANDERAI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC BKID0001432.
- Confirm the bank name auto-populates as Bank of India and the branch as CHANDERAI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to CHANDERAI
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's CHANDERAI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0001432 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of India CHANDERAI (IFSC BKID0001432)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0001432 in your mobile or internet banking app, and the money is credited to the CHANDERAI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0001432 for Bank of India – CHANDERAI, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – BKID0001432 | Yes – BKID0001432 | Yes – BKID0001432 |
For most retail customers crediting the Chanderai branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
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 CHANDERAI branch, the IFSC BKID0001432 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.
Products and account variants supported
Every account opened at the Chanderai branch is mapped to IFSC BKID0001432 on the RBI payments network. The branch generally supports the full retail product catalogue of Bank of India, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains BKID0001432.
Products and services
Customers walking into the Chanderai 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 BKID0001432
MICR & cheque-truncation details
Cheques drawn on the Chanderai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0001432 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Chanderai branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC BKID0001432 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Common mistakes to avoid when using IFSC BKID0001432
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 – CHANDERAI, 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:
BKID0001432. - 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 Chanderai branch
The branch is located at AT CHANDERAI POST IBRAHIM PATTANTALUKA DIST RATNAGIRI, which puts it inside Chanderai Tal Dist Ratnagiri, the broader Chanderai Tal Dist Ratnagiri district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Chanderai branch” — the verified location pin for IFSC BKID0001432 should appear at the top of the results.
- Confirm the branch is open by calling 2352-2352245235 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 BKID0001432 and your account number.
Verifying IFSC BKID0001432 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 BKID0001432 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2352-2352245235.
- Visiting the bank's official branch locator page.
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 Chanderai branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0001432, however, work 24x7.
Branch address & contact
Bank of IndiaChanderai Branch
AT CHANDERAI POST IBRAHIM PATTANTALUKA DIST RATNAGIRI
Chanderai Tal Dist Ratnagiri, Maharashtra
Phone: 2352-2352245235
IFSC: BKID0001432
Frequently asked questions
Can I use IFSC BKID0001432 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0001432 to send funds instantly.
How do I add Bank of India Chanderai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0001432, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using BKID0001432 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Chanderai reflect within 30 minutes.
Where is Bank of India Chanderai branch located?
Bank of India's Chanderai branch is located at AT CHANDERAI POST IBRAHIM PATTANTALUKA DIST RATNAGIRI, Chanderai Tal Dist Ratnagiri, Maharashtra.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Chanderai branch but serve different purposes.
What is the IFSC code of Bank of India Chanderai branch?
The IFSC code of Bank of India, Chanderai branch is BKID0001432. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: BKID0001432 is the IFSC code of Bank of India, CHANDERAI branch, in CHANDERAI TAL DIST RATNAGIRI, MAHARASHTRA. 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.
