This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, MPGB CHANDANGAON branch in CHHINDWARA. The 11-digit IFSC BKID0MG8021 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 CHANDANGAON 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, BKID0MG8021 is the IFSC of Bank of India's MPGB CHANDANGAON branch. The format is fixed: BKID = bank code, 0 = reserved, MG8021 = branch identifier.
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 Chandangaon branch in Chhindwara, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG8021 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Chandangaon |
| IFSC Code | BKID0MG8021 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NAGPUR ROAD CHHINDWARA 480001 |
| City | Chhindwara |
| District | Chhindwara |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9424935599 |
About this branch
The branch is located at NAGPUR ROAD CHHINDWARA 480001. It serves the Chhindwara 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 BKID0MG8021 is used to identify this branch on the RBI payments network.
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 MPGB CHANDANGAON branch came to be assigned the code BKID0MG8021.
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 BKID0MG8021, money simply cannot be routed to the MPGB CHANDANGAON branch electronically.
Products and account variants supported
Every account opened at the Mpgb Chandangaon branch is mapped to IFSC BKID0MG8021 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 BKID0MG8021.
Products and services
Customers walking into the Mpgb Chandangaon 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 BKID0MG8021
How to transfer money using IFSC BKID0MG8021
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 BKID0MG8021 across all three.
How to use IFSC BKID0MG8021 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's MPGB CHANDANGAON 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 BKID0MG8021.
- Confirm the bank name auto-populates as Bank of India and the branch as MPGB CHANDANGAON.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0MG8021
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 CHANDANGAON, ensure your bank's portal accepts IFSC BKID0MG8021 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MPGB CHANDANGAON, use IMPS. With IFSC BKID0MG8021 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0MG8021 for Bank of India – MPGB CHANDANGAON, 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 – BKID0MG8021 | Yes – BKID0MG8021 | Yes – BKID0MG8021 |
For most retail customers crediting the Mpgb Chandangaon 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 MPGB CHANDANGAON branch, the IFSC BKID0MG8021 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 BKID0MG8021
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB CHANDANGAON 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 BKID0MG8021 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 & cheque-truncation details
Cheques drawn on the Mpgb Chandangaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0MG8021 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 CHANDANGAON:
- The IFSC is exactly BKID0MG8021 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 CHANDANGAON 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 Mpgb Chandangaon branch sits at NAGPUR ROAD CHHINDWARA 480001. If you are travelling from outside Chhindwara, search for the branch on a maps application using the bank name and locality, or call 91-9424935599 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 BKID0MG8021 and your account number.
Verifying IFSC BKID0MG8021 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 BKID0MG8021 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9424935599.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Mpgb Chandangaon 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 BKID0MG8021 continue to work without interruption.
Branch address & contact
Bank of IndiaMpgb Chandangaon Branch
NAGPUR ROAD CHHINDWARA 480001
Chhindwara, Madhya Pradesh
Phone: 91-9424935599
IFSC: BKID0MG8021
Frequently asked questions
What is the IFSC code of Bank of India Mpgb Chandangaon branch?
The IFSC code of Bank of India, Mpgb Chandangaon branch is BKID0MG8021. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC BKID0MG8021 the same for all accounts at Mpgb Chandangaon branch?
Yes. The IFSC BKID0MG8021 is shared by every account held at Bank of India's Mpgb Chandangaon branch. Only the account number changes from customer to customer.
How do I add Bank of India Mpgb Chandangaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0MG8021, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Mpgb Chandangaon branch but serve different purposes.
Is IFSC BKID0MG8021 valid for NEFT and RTGS?
Yes. IFSC BKID0MG8021 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Bank of India Mpgb Chandangaon branch?
You can reach the branch at 91-9424935599 during regular banking hours.
How quickly will an NEFT transfer using BKID0MG8021 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Chandangaon reflect within 30 minutes.
Does Bank of India Mpgb Chandangaon branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9424935599 to confirm.
Final notes
To recap: BKID0MG8021 is the IFSC code of Bank of India, MPGB CHANDANGAON branch, in CHHINDWARA, 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.
