Below are the complete branch details for Bank of India, MPGB KANAPUR branch, located in KHARGONE, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is BKID0MG0224. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case BKID0MG0224 for Bank of India – MPGB KANAPUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 KANAPUR branch, the IFSC BKID0MG0224 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and MG0224 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 Kanapur branch in Khargone, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG0224 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Kanapur |
| IFSC Code | BKID0MG0224 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MARDANA ROAD KANAPUR |
| City | Khargone |
| District | Khargone |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9926060411 |
About the Mpgb Kanapur branch
The Mpgb Kanapur branch of Bank of India is situated at MARDANA ROAD KANAPUR. 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 BKID0MG0224 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 MPGB KANAPUR branch came to be assigned the code BKID0MG0224.
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 BKID0MG0224, money simply cannot be routed to the MPGB KANAPUR branch electronically.
Products and account variants supported
Every account opened at the Mpgb Kanapur branch is mapped to IFSC BKID0MG0224 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 BKID0MG0224.
Products and services
Customers walking into the Mpgb Kanapur 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 BKID0MG0224
How to transfer money using IFSC BKID0MG0224
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 BKID0MG0224 across all three.
NEFT to Bank of India, MPGB KANAPUR using IFSC BKID0MG0224
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 BKID0MG0224, and confirm that the system picks up Bank of India – MPGB KANAPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0MG0224
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 – MPGB KANAPUR, ensure your bank's portal accepts IFSC BKID0MG0224 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MPGB KANAPUR, use IMPS. With IFSC BKID0MG0224 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 Mpgb Kanapur
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 BKID0MG0224:
- 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 MPGB KANAPUR is still linked to IFSC BKID0MG0224.
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 MPGB KANAPUR branch, the IFSC BKID0MG0224 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 Kanapur 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 BKID0MG0224 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 BKID0MG0224 and the account number together uniquely identify the Mpgb Kanapur 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 – MPGB KANAPUR:
- The IFSC is exactly BKID0MG0224 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 MPGB KANAPUR 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 Mpgb Kanapur branch
The branch is located at MARDANA ROAD KANAPUR, which puts it inside Khargone, the broader Khargone district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Mpgb Kanapur branch” — the verified location pin for IFSC BKID0MG0224 should appear at the top of the results.
- Confirm the branch is open by calling 91-9926060411 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 BKID0MG0224 and your account number.
Verifying IFSC BKID0MG0224 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 BKID0MG0224 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9926060411.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Mpgb Kanapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0MG0224, however, work 24x7.
Branch address & contact
Bank of IndiaMpgb Kanapur Branch
MARDANA ROAD KANAPUR
Khargone, Madhya Pradesh
Phone: 91-9926060411
IFSC: BKID0MG0224
Frequently asked questions
How do I add Bank of India Mpgb Kanapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0MG0224, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Bank of India Mpgb Kanapur branch?
You can reach the branch at 91-9926060411 during regular banking hours.
Is IFSC BKID0MG0224 the same for all accounts at Mpgb Kanapur branch?
Yes. The IFSC BKID0MG0224 is shared by every account held at Bank of India's Mpgb Kanapur branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using BKID0MG0224 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Kanapur reflect within 30 minutes.
Is IFSC BKID0MG0224 valid for NEFT and RTGS?
Yes. IFSC BKID0MG0224 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Bank of India Mpgb Kanapur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9926060411 to confirm.
Summary
The IFSC code BKID0MG0224 belongs to Bank of India's MPGB KANAPUR branch, located at MARDANA ROAD KANAPUR in KHARGONE, 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.
