IFSC Code of Bank of India, Chennai Asset Recovery Branch, Tamil Nadu

This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, CHENNAI ASSET RECOVERY branch in CHENNAI. The 11-digit IFSC BKID0008022 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 CHENNAI ASSET RECOVERY 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, BKID0008022 is the IFSC of Bank of India's CHENNAI ASSET RECOVERY branch. The format is fixed: BKID = bank code, 0 = reserved, 008022 = branch identifier.

Bank profile

Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Chennai Asset Recovery branch — IFSC BKID0008022 — extends the bank's services to customers in and around Chennai, Tamil Nadu.

Branch details at a glance

About the Chennai Asset Recovery branch

The Chennai Asset Recovery branch of Bank of India is situated at OLD NO17NEW NO 30STAR HOUSE BANK OFINDIA BLDG 4TH FLOOR ERRABALU STREET. 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 BKID0008022 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 CHENNAI ASSET RECOVERY branch came to be assigned the code BKID0008022.

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 BKID0008022, money simply cannot be routed to the CHENNAI ASSET RECOVERY branch electronically.

Products and account variants supported

Every account opened at the Chennai Asset Recovery branch is mapped to IFSC BKID0008022 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 BKID0008022.

Banking services available

The Chennai Asset Recovery branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 44-4466777461.

• 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 BKID0008022

How to transfer money using IFSC BKID0008022

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 BKID0008022 across all three.

How to use IFSC BKID0008022 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's CHENNAI ASSET RECOVERY 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC BKID0008022.
4. Confirm the bank name auto-populates as Bank of India and the branch as CHENNAI ASSET RECOVERY.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC BKID0008022

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 – CHENNAI ASSET RECOVERY, ensure your bank's portal accepts IFSC BKID0008022 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Bank of India CHENNAI ASSET RECOVERY (IFSC BKID0008022)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0008022 in your mobile or internet banking app, and the money is credited to the CHENNAI ASSET RECOVERY branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Chennai Asset Recovery

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 BKID0008022:

• 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 CHENNAI ASSET RECOVERY is still linked to IFSC BKID0008022.

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 CHENNAI ASSET RECOVERY branch, the IFSC BKID0008022 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 BKID0008022

Bank of India customers can register for net banking and the bank's official mobile app once their account at the CHENNAI ASSET RECOVERY 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 BKID0008022 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 BKID0008022 and the account number together uniquely identify the Chennai Asset Recovery 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 – CHENNAI ASSET RECOVERY:

• The IFSC is exactly BKID0008022 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 CHENNAI ASSET RECOVERY 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 Chennai Asset Recovery branch

The branch is located at OLD NO17NEW NO 30STAR HOUSE BANK OFINDIA BLDG 4TH FLOOR ERRABALU STREET, which puts it inside Chennai, the broader Chennai district, and the state of Tamil Nadu. To plan your visit:

1. Open Google Maps on your phone and search for “Bank of India Chennai Asset Recovery branch” — the verified location pin for IFSC BKID0008022 should appear at the top of the results.
2. Confirm the branch is open by calling 44-4466777461 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 BKID0008022 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BKID0008022 for Bank of India – CHENNAI ASSET RECOVERY, 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.

Working hours

Branch counters at Chennai Asset Recovery 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 BKID0008022 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BKID0008022 belongs to Bank of India's CHENNAI ASSET RECOVERY branch, located at OLD NO17NEW NO 30STAR HOUSE BANK OFINDIA BLDG 4TH FLOOR ERRABALU STREET in CHENNAI, TAMIL NADU. 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.