Use this page as a one-stop reference for everything related to Bank of India's MPGB KARAHI branch in KHARGONE, MADHYA PRADESH. The branch's IFSC code BKID0MG0291 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, BKID0MG0291 is the IFSC of Bank of India's MPGB KARAHI branch. The format is fixed: BKID = bank code, 0 = reserved, MG0291 = branch identifier.
About Bank of India
Bank of India operates a wide network of branches across India, including the Mpgb Karahi branch in Khargone. 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, BKID0MG0291.
Mpgb Karahi branch overview
Located at CHINGUN ROAD KARAHI, the Mpgb Karahi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0MG0291 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Karahi |
| IFSC Code | BKID0MG0291 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CHINGUN ROAD KARAHI |
| City | Khargone |
| District | Khargone |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9755595324 |
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 KARAHI branch came to be assigned the code BKID0MG0291.
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 BKID0MG0291, money simply cannot be routed to the MPGB KARAHI branch electronically.
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 BKID0MG0291 and the account number together uniquely identify the Mpgb Karahi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC BKID0MG0291
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 BKID0MG0291 across all three.
NEFT to Bank of India, MPGB KARAHI using IFSC BKID0MG0291
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 BKID0MG0291, and confirm that the system picks up Bank of India – MPGB KARAHI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MPGB KARAHI
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's MPGB KARAHI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0MG0291 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of India MPGB KARAHI (IFSC BKID0MG0291)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0MG0291 in your mobile or internet banking app, and the money is credited to the MPGB KARAHI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0MG0291 for Bank of India – MPGB KARAHI, 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 – BKID0MG0291 | Yes – BKID0MG0291 | Yes – BKID0MG0291 |
For most retail customers crediting the Mpgb Karahi 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.
UPI payments and IFSC BKID0MG0291
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 – MPGB KARAHI is still mapped to IFSC BKID0MG0291. 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 BKID0MG0291 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Mpgb Karahi branch is mapped to IFSC BKID0MG0291 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 BKID0MG0291.
Banking services available
The Mpgb Karahi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9755595324.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC BKID0MG0291
Online banking and IFSC BKID0MG0291
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB KARAHI 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 BKID0MG0291 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.
Reaching the branch
The Mpgb Karahi branch sits at CHINGUN ROAD KARAHI. If you are travelling from outside Khargone, search for the branch on a maps application using the bank name and locality, or call 91-9755595324 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 BKID0MG0291 and your account number.
Common mistakes to avoid when using IFSC BKID0MG0291
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 – MPGB KARAHI, 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:
BKID0MG0291. - 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.
Working hours
Branch counters at Mpgb Karahi 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 BKID0MG0291 continue to work without interruption.
Verifying IFSC BKID0MG0291 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 BKID0MG0291 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9755595324.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaMpgb Karahi Branch
CHINGUN ROAD KARAHI
Khargone, Madhya Pradesh
Phone: 91-9755595324
IFSC: BKID0MG0291
Frequently asked questions
Can I use IFSC BKID0MG0291 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0MG0291 to send funds instantly.
Is IFSC BKID0MG0291 valid for NEFT and RTGS?
Yes. IFSC BKID0MG0291 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Bank of India Mpgb Karahi branch located?
Bank of India's Mpgb Karahi branch is located at CHINGUN ROAD KARAHI, Khargone, Madhya Pradesh.
What is the IFSC code of Bank of India Mpgb Karahi branch?
The IFSC code of Bank of India, Mpgb Karahi branch is BKID0MG0291. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Bank of India Mpgb Karahi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9755595324 to confirm.
Is IFSC BKID0MG0291 the same for all accounts at Mpgb Karahi branch?
Yes. The IFSC BKID0MG0291 is shared by every account held at Bank of India's Mpgb Karahi branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using BKID0MG0291 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Karahi reflect within 30 minutes.
Final notes
To recap: BKID0MG0291 is the IFSC code of Bank of India, MPGB KARAHI branch, in KHARGONE, 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.
