If you are searching for the IFSC code of Bank of India, SULTAN BAZAR branch in HYDERABAD, ANDHRA PRADESH, this page has every detail you need. The verified IFSC code for this branch is BKID0008607. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the SULTAN BAZAR branch, and detailed step-by-step guides for using the IFSC BKID0008607 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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 SULTAN BAZAR branch, the IFSC BKID0008607 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and 008607 identifies this particular branch.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Sultan Bazar |
| IFSC Code | BKID0008607 |
| MICR Code | Refer to cheque leaf |
| Branch Address | D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR |
| City | Hyderabad |
| District | Hyderabad |
| State | Andhra Pradesh |
| STD Code | 40 |
| Phone | 4024756896 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Sultan Bazar branch in Hyderabad. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, BKID0008607.
About this branch
The branch is located at D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR. It serves the Hyderabad 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 BKID0008607 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 SULTAN BAZAR branch came to be assigned the code BKID0008607.
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 BKID0008607, money simply cannot be routed to the SULTAN BAZAR branch electronically.
How to transfer money using IFSC BKID0008607
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 BKID0008607 across all three.
NEFT to Bank of India, SULTAN BAZAR using IFSC BKID0008607
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 BKID0008607, and confirm that the system picks up Bank of India – SULTAN BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0008607
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 – SULTAN BAZAR, ensure your bank's portal accepts IFSC BKID0008607 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Bank of India SULTAN BAZAR (IFSC BKID0008607)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0008607 in your mobile or internet banking app, and the money is credited to the SULTAN BAZAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0008607 for Bank of India – SULTAN BAZAR, 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 – BKID0008607 | Yes – BKID0008607 | Yes – BKID0008607 |
For most retail customers crediting the Sultan Bazar 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 SULTAN BAZAR branch, the IFSC BKID0008607 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 Sultan Bazar branch is mapped to IFSC BKID0008607 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 BKID0008607.
Products and services
Customers walking into the Sultan Bazar 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 BKID0008607
MICR & cheque-truncation details
Cheques drawn on the Sultan Bazar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0008607 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 Sultan Bazar 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 BKID0008607 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.
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 – SULTAN BAZAR:
- The IFSC is exactly BKID0008607 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 SULTAN BAZAR 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 Sultan Bazar branch
The branch is located at D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR, which puts it inside Hyderabad, the broader Hyderabad district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Sultan Bazar branch” — the verified location pin for IFSC BKID0008607 should appear at the top of the results.
- Confirm the branch is open by calling 40-4024756896 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 BKID0008607 and your account number.
Verifying IFSC BKID0008607 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 BKID0008607 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 40-4024756896.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Sultan Bazar 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 BKID0008607 continue to work without interruption.
Branch address & contact
Bank of IndiaSultan Bazar Branch
D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR
Hyderabad, Andhra Pradesh
Phone: 40-4024756896
IFSC: BKID0008607
Frequently asked questions
What is the IFSC code of Bank of India Sultan Bazar branch?
The IFSC code of Bank of India, Sultan Bazar branch is BKID0008607. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC BKID0008607 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0008607 to send funds instantly.
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 Sultan Bazar branch but serve different purposes.
What is the phone number of Bank of India Sultan Bazar branch?
You can reach the branch at 40-4024756896 during regular banking hours.
Where is Bank of India Sultan Bazar branch located?
Bank of India's Sultan Bazar branch is located at D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR, Hyderabad, Andhra Pradesh.
Does Bank of India Sultan Bazar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 40-4024756896 to confirm.
Is IFSC BKID0008607 valid for NEFT and RTGS?
Yes. IFSC BKID0008607 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code BKID0008607 belongs to Bank of India's SULTAN BAZAR branch, located at D NO4 3 161 539 540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR in HYDERABAD, ANDHRA 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.
