Use this page as a one-stop reference for everything related to Bank of India's MPGB MALHANVADA branch in HOSHANGABAD, MADHYA PRADESH. The branch's IFSC code BKID0MG1041 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.
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 MALHANVADA branch, the IFSC BKID0MG1041 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and MG1041 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 Malhanvada branch in Hoshangabad, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG1041 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Malhanvada |
| IFSC Code | BKID0MG1041 |
| MICR Code | Refer to cheque leaf |
| Branch Address | POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990 |
| City | Hoshangabad |
| District | Hoshangabad |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 8718810129 |
About this branch
The branch is located at POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990. It serves the Hoshangabad 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 BKID0MG1041 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 MALHANVADA branch came to be assigned the code BKID0MG1041.
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 BKID0MG1041, money simply cannot be routed to the MPGB MALHANVADA branch electronically.
Account types you can open at the Mpgb Malhanvada branch
Once you have an account at Bank of India – MPGB MALHANVADA, the IFSC BKID0MG1041 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 Malhanvada 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 BKID0MG1041
How to transfer money using IFSC BKID0MG1041
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 BKID0MG1041 across all three.
NEFT to Bank of India, MPGB MALHANVADA using IFSC BKID0MG1041
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 BKID0MG1041, and confirm that the system picks up Bank of India – MPGB MALHANVADA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MPGB MALHANVADA
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's MPGB MALHANVADA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0MG1041 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MPGB MALHANVADA, use IMPS. With IFSC BKID0MG1041 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 BKID0MG1041 for Bank of India – MPGB MALHANVADA, 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 – BKID0MG1041 | Yes – BKID0MG1041 | Yes – BKID0MG1041 |
For most retail customers crediting the Mpgb Malhanvada 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 MALHANVADA branch, the IFSC BKID0MG1041 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.
Digital banking channels
Most day-to-day work that customers used to do at the Mpgb Malhanvada 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 BKID0MG1041 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.
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 BKID0MG1041 and the account number together uniquely identify the Mpgb Malhanvada 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 BKID0MG1041
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 MALHANVADA, 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:
BKID0MG1041. - 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.
Reaching the branch
The Mpgb Malhanvada branch sits at POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990. If you are travelling from outside Hoshangabad, search for the branch on a maps application using the bank name and locality, or call 91-8718810129 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 BKID0MG1041 and your account number.
Verifying IFSC BKID0MG1041 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 BKID0MG1041 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-8718810129.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Mpgb Malhanvada 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 BKID0MG1041 continue to work without interruption.
Branch address & contact
Bank of IndiaMpgb Malhanvada Branch
POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990
Hoshangabad, Madhya Pradesh
Phone: 91-8718810129
IFSC: BKID0MG1041
Frequently asked questions
What is the IFSC code of Bank of India Mpgb Malhanvada branch?
The IFSC code of Bank of India, Mpgb Malhanvada branch is BKID0MG1041. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Bank of India Mpgb Malhanvada as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0MG1041, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC BKID0MG1041 the same for all accounts at Mpgb Malhanvada branch?
Yes. The IFSC BKID0MG1041 is shared by every account held at Bank of India's Mpgb Malhanvada branch. Only the account number changes from customer to customer.
Can I use IFSC BKID0MG1041 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0MG1041 to send funds instantly.
How quickly will an NEFT transfer using BKID0MG1041 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Malhanvada reflect within 30 minutes.
Is IFSC BKID0MG1041 valid for NEFT and RTGS?
Yes. IFSC BKID0MG1041 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Bank of India Mpgb Malhanvada branch located?
Bank of India's Mpgb Malhanvada branch is located at POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990, Hoshangabad, Madhya Pradesh.
Does Bank of India Mpgb Malhanvada branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8718810129 to confirm.
Summary
The IFSC code BKID0MG1041 belongs to Bank of India's MPGB MALHANVADA branch, located at POSTMALHANWADATEHSILBANKHEDI DISTHOSHANGABAD 461990 in HOSHANGABAD, MADHYA PRADESH. 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.
