Use this page as a one-stop reference for everything related to Bank of India's KESAR BAGH branch in INDORE, MADHYA PRADESH. The branch's IFSC code BKID0008864 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 – KESAR BAGH is BKID0008864. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 008864 map to this branch in INDORE, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Kesar Bagh |
| IFSC Code | BKID0008864 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 7312360227 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Kesar Bagh branch in Indore. 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, BKID0008864.
Kesar Bagh branch overview
Located at 5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001, the Kesar Bagh branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0008864 is required for all interbank electronic transfers routed through this branch.
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 KESAR BAGH branch came to be assigned the code BKID0008864.
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 BKID0008864, money simply cannot be routed to the KESAR BAGH branch electronically.
How to transfer money using IFSC BKID0008864
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 BKID0008864 across all three.
How to use IFSC BKID0008864 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's KESAR BAGH 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 BKID0008864.
- Confirm the bank name auto-populates as Bank of India and the branch as KESAR BAGH.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0008864
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 – KESAR BAGH, ensure your bank's portal accepts IFSC BKID0008864 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – KESAR BAGH, use IMPS. With IFSC BKID0008864 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Kesar Bagh
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 BKID0008864:
- 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 KESAR BAGH is still linked to IFSC BKID0008864.
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.
UPI payments and IFSC BKID0008864
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Bank of India – KESAR BAGH is still mapped to IFSC BKID0008864. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC BKID0008864 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Kesar Bagh branch is mapped to IFSC BKID0008864 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 BKID0008864.
Products and services
Customers walking into the Kesar Bagh 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 BKID0008864
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 BKID0008864 and the account number together uniquely identify the Kesar Bagh branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC BKID0008864
Bank of India customers can register for net banking and the bank's official mobile app once their account at the KESAR BAGH 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 BKID0008864 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 BKID0008864
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 – KESAR BAGH, 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:
BKID0008864. - 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 Kesar Bagh branch sits at 5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 91-7312360227 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 BKID0008864 and your account number.
Verifying IFSC BKID0008864 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 BKID0008864 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-7312360227.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Kesar Bagh 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 BKID0008864 continue to work without interruption.
Branch address & contact
Bank of IndiaKesar Bagh Branch
5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001
Indore, Madhya Pradesh
Phone: 91-7312360227
IFSC: BKID0008864
Frequently asked questions
Can I use IFSC BKID0008864 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0008864 to send funds instantly.
Where is Bank of India Kesar Bagh branch located?
Bank of India's Kesar Bagh branch is located at 5 VINAY NAGAR KESAR BAUG ROAD OPPOSITE GHOONGAT GARDEN INDORE 452001, Indore, Madhya Pradesh.
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 Kesar Bagh branch but serve different purposes.
What is the phone number of Bank of India Kesar Bagh branch?
You can reach the branch at 91-7312360227 during regular banking hours.
How do I add Bank of India Kesar Bagh as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0008864, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using BKID0008864 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Kesar Bagh reflect within 30 minutes.
Is IFSC BKID0008864 valid for NEFT and RTGS?
Yes. IFSC BKID0008864 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: BKID0008864 is the IFSC code of Bank of India, KESAR BAGH branch, in INDORE, 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.
