IFSC Code of Bank of India, Basudeopur Kandara Branch, Odisha

Use this page as a one-stop reference for everything related to Bank of India's BASUDEOPUR KANDARA branch in KEONJHAR, ODISHA. The branch's IFSC code BKID0005427 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 – BASUDEOPUR KANDARA is BKID0005427. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005427 map to this branch in KEONJHAR, ODISHA.

Bank profile

Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Basudeopur Kandara branch — IFSC BKID0005427 — extends the bank's services to customers in and around Keonjhar, Odisha.

Branch details at a glance

About this branch

The branch is located at AT AND POST KANDRAJODA BLOCK BARBIL THESIL. It serves the Keonjhar 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 BKID0005427 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 BASUDEOPUR KANDARA branch came to be assigned the code BKID0005427.

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 BKID0005427, money simply cannot be routed to the BASUDEOPUR KANDARA branch electronically.

Products and account variants supported

Every account opened at the Basudeopur Kandara branch is mapped to IFSC BKID0005427 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 BKID0005427.

Products and services

Customers walking into the Basudeopur Kandara 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 BKID0005427

How to transfer money using IFSC BKID0005427

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 BKID0005427 across all three.

NEFT to Bank of India, BASUDEOPUR KANDARA using IFSC BKID0005427

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 BKID0005427, and confirm that the system picks up Bank of India – BASUDEOPUR KANDARA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC BKID0005427

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 – BASUDEOPUR KANDARA, ensure your bank's portal accepts IFSC BKID0005427 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Bank of India BASUDEOPUR KANDARA (IFSC BKID0005427)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0005427 in your mobile or internet banking app, and the money is credited to the BASUDEOPUR KANDARA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Basudeopur Kandara

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 BKID0005427:

• 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 BASUDEOPUR KANDARA is still linked to IFSC BKID0005427.

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 BASUDEOPUR KANDARA branch, the IFSC BKID0005427 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 Basudeopur Kandara 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 BKID0005427 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 & cheque-truncation details

Cheques drawn on the Basudeopur Kandara branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0005427 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – BASUDEOPUR KANDARA:

• The IFSC is exactly BKID0005427 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 BASUDEOPUR KANDARA 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 Basudeopur Kandara branch sits at AT AND POST KANDRAJODA BLOCK BARBIL THESIL. If you are travelling from outside Keonjhar, search for the branch on a maps application using the bank name and locality, or call 6766-6767211317 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 BKID0005427 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC BKID0005427 for Bank of India – BASUDEOPUR KANDARA, 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 Basudeopur Kandara 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 BKID0005427 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code BKID0005427 belongs to Bank of India's BASUDEOPUR KANDARA branch, located at AT AND POST KANDRAJODA BLOCK BARBIL THESIL in KEONJHAR, ODISHA. 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.