IFSC Code of Bank of India, Goregaon Distraigad Branch, Maharashtra

Use this page as a one-stop reference for everything related to Bank of India's GOREGAON DISTRAIGAD branch in GOREGAON DIST RAIGAD, MAHARASHTRA. The branch's IFSC code BKID0001216 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

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 – GOREGAON DISTRAIGAD is BKID0001216. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001216 map to this branch in GOREGAON DIST RAIGAD, MAHARASHTRA.

Branch details at a glance

Bank profile

Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Goregaon Distraigad branch — IFSC BKID0001216 — extends the bank's services to customers in and around Goregaon Dist Raigad, Maharashtra.

About this branch

The branch is located at NEAR S T BUS STANDAT POST GOREGAONDIST RAIGAD. It serves the Goregaon Dist Raigad 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 BKID0001216 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 GOREGAON DISTRAIGAD branch came to be assigned the code BKID0001216.

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 BKID0001216, money simply cannot be routed to the GOREGAON DISTRAIGAD branch electronically.

How to transfer money using IFSC BKID0001216

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 BKID0001216 across all three.

NEFT to Bank of India, GOREGAON DISTRAIGAD using IFSC BKID0001216

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 BKID0001216, and confirm that the system picks up Bank of India – GOREGAON DISTRAIGAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to GOREGAON DISTRAIGAD

If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's GOREGAON DISTRAIGAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0001216 while initiating the transfer and the credit will appear within minutes.

IMPS to Bank of India GOREGAON DISTRAIGAD (IFSC BKID0001216)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0001216 in your mobile or internet banking app, and the money is credited to the GOREGAON DISTRAIGAD branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC BKID0001216 for Bank of India – GOREGAON DISTRAIGAD, 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.

For most retail customers crediting the Goregaon Distraigad 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 GOREGAON DISTRAIGAD branch, the IFSC BKID0001216 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 Goregaon Distraigad branch is mapped to IFSC BKID0001216 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 BKID0001216.

Products and services

Customers walking into the Goregaon Distraigad 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 BKID0001216

MICR & cheque-truncation details

Cheques drawn on the Goregaon Distraigad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0001216 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC BKID0001216

Bank of India customers can register for net banking and the bank's official mobile app once their account at the GOREGAON DISTRAIGAD 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 BKID0001216 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.

Common mistakes to avoid when using IFSC BKID0001216

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 – GOREGAON DISTRAIGAD, 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: BKID0001216.
• 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 Goregaon Distraigad branch

The branch is located at NEAR S T BUS STANDAT POST GOREGAONDIST RAIGAD, which puts it inside Goregaon Dist Raigad, the broader Goregaon Dist Raigad district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Bank of India Goregaon Distraigad branch” — the verified location pin for IFSC BKID0001216 should appear at the top of the results.
2. Confirm the branch is open by calling 2140-2140250237 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 BKID0001216 and your account number.

Verifying IFSC BKID0001216 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 BKID0001216 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2140-2140250237.
• 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 Goregaon Distraigad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0001216, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: BKID0001216 is the IFSC code of Bank of India, GOREGAON DISTRAIGAD branch, in GOREGAON DIST RAIGAD, 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.