IFSC Code of Bank of India, Madhya Pradesh Gramin Bank Indore Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Bank of India's MADHYA PRADESH GRAMIN BANK INDORE branch in INDORE, MADHYA PRADESH. The branch's IFSC code BKID0NAMRGB 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.

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, BKID0NAMRGB is the IFSC of Bank of India's MADHYA PRADESH GRAMIN BANK INDORE branch. The format is fixed: BKID = bank code, 0 = reserved, NAMRGB = 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 Madhya Pradesh Gramin Bank Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code BKID0NAMRGB for all electronic settlement.

Branch details at a glance

About the Madhya Pradesh Gramin Bank Indore branch

The Madhya Pradesh Gramin Bank Indore branch of Bank of India is situated at 28 SOUTH RAJMOHALLA INDORE 452 002. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code BKID0NAMRGB is used.

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 MADHYA PRADESH GRAMIN BANK INDORE branch came to be assigned the code BKID0NAMRGB.

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 BKID0NAMRGB, money simply cannot be routed to the MADHYA PRADESH GRAMIN BANK INDORE branch electronically.

Products and account variants supported

Every account opened at the Madhya Pradesh Gramin Bank Indore branch is mapped to IFSC BKID0NAMRGB 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 BKID0NAMRGB.

Products and services

Customers walking into the Madhya Pradesh Gramin Bank Indore 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 BKID0NAMRGB

How to transfer money using IFSC BKID0NAMRGB

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 BKID0NAMRGB across all three.

How to use IFSC BKID0NAMRGB for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's MADHYA PRADESH GRAMIN BANK INDORE 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC BKID0NAMRGB.
4. Confirm the bank name auto-populates as Bank of India and the branch as MADHYA PRADESH GRAMIN BANK INDORE.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to MADHYA PRADESH GRAMIN BANK INDORE

If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's MADHYA PRADESH GRAMIN BANK INDORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0NAMRGB 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 – MADHYA PRADESH GRAMIN BANK INDORE, use IMPS. With IFSC BKID0NAMRGB 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 Madhya Pradesh Gramin Bank Indore

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 BKID0NAMRGB:

• 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 MADHYA PRADESH GRAMIN BANK INDORE is still linked to IFSC BKID0NAMRGB.

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.

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 MADHYA PRADESH GRAMIN BANK INDORE branch, the IFSC BKID0NAMRGB 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 BKID0NAMRGB

Bank of India customers can register for net banking and the bank's official mobile app once their account at the MADHYA PRADESH GRAMIN BANK INDORE 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 BKID0NAMRGB 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 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 BKID0NAMRGB and the account number together uniquely identify the Madhya Pradesh Gramin Bank Indore branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – MADHYA PRADESH GRAMIN BANK INDORE:

• The IFSC is exactly BKID0NAMRGB 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 MADHYA PRADESH GRAMIN BANK INDORE 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 Madhya Pradesh Gramin Bank Indore branch sits at 28 SOUTH RAJMOHALLA INDORE 452 002. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-2341813 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 BKID0NAMRGB and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BKID0NAMRGB for Bank of India – MADHYA PRADESH GRAMIN BANK INDORE, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Madhya Pradesh Gramin Bank Indore 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 BKID0NAMRGB continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BKID0NAMRGB belongs to Bank of India's MADHYA PRADESH GRAMIN BANK INDORE branch, located at 28 SOUTH RAJMOHALLA INDORE 452 002 in INDORE, 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.