If you are searching for the IFSC code of Bank of India, MIDCLATUR branch in LATUR DIST LATUR ZONE SOLAPUR, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is BKID0000642. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the MIDCLATUR branch, and detailed step-by-step guides for using the IFSC BKID0000642 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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, BKID0000642 is the IFSC of Bank of India's MIDCLATUR branch. The format is fixed: BKID = bank code, 0 = reserved, 000642 = branch identifier.
Bank profile
Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Midclatur branch — IFSC BKID0000642 — extends the bank's services to customers in and around Latur Dist Latur Zone Solapur, Maharashtra.
About the Midclatur branch
The Midclatur branch of Bank of India is situated at TRIMURTI BHAVAN NEAR UDAY PETRO PUMPBARSHI ROAD LATUR DIST LATUR. 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 BKID0000642 is used.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Midclatur |
| IFSC Code | BKID0000642 |
| MICR Code | Refer to cheque leaf |
| Branch Address | TRIMURTI BHAVAN NEAR UDAY PETRO PUMPBARSHI ROAD LATUR DIST LATUR |
| City | Latur Dist Latur Zone Solapur |
| District | Latur Dist Latur Zone Solapur |
| State | Maharashtra |
| STD Code | 2382 |
| Phone | 220140 |
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 MIDCLATUR branch came to be assigned the code BKID0000642.
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 BKID0000642, money simply cannot be routed to the MIDCLATUR branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Midclatur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0000642 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC BKID0000642
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 BKID0000642 across all three.
How to use IFSC BKID0000642 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's MIDCLATUR 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 BKID0000642.
- Confirm the bank name auto-populates as Bank of India and the branch as MIDCLATUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0000642
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 – MIDCLATUR, ensure your bank's portal accepts IFSC BKID0000642 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MIDCLATUR, use IMPS. With IFSC BKID0000642 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 Midclatur
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 BKID0000642:
- 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 MIDCLATUR is still linked to IFSC BKID0000642.
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 BKID0000642
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 – MIDCLATUR is still mapped to IFSC BKID0000642. 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 BKID0000642 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Midclatur branch is mapped to IFSC BKID0000642 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 BKID0000642.
Products and services
Customers walking into the Midclatur 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 BKID0000642
Online banking and IFSC BKID0000642
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MIDCLATUR 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 BKID0000642 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 Midclatur branch sits at TRIMURTI BHAVAN NEAR UDAY PETRO PUMPBARSHI ROAD LATUR DIST LATUR. If you are travelling from outside Latur Dist Latur Zone Solapur, search for the branch on a maps application using the bank name and locality, or call 2382-220140 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 BKID0000642 and your account number.
Common mistakes to avoid when using IFSC BKID0000642
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 – MIDCLATUR, 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:
BKID0000642. - 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.
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 Midclatur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0000642, however, work 24x7.
Verifying IFSC BKID0000642 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 BKID0000642 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2382-220140.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaMidclatur Branch
TRIMURTI BHAVAN NEAR UDAY PETRO PUMPBARSHI ROAD LATUR DIST LATUR
Latur Dist Latur Zone Solapur, Maharashtra
Phone: 2382-220140
IFSC: BKID0000642
Frequently asked questions
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 Midclatur branch but serve different purposes.
How do I add Bank of India Midclatur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0000642, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Bank of India Midclatur branch?
The IFSC code of Bank of India, Midclatur branch is BKID0000642. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC BKID0000642 valid for NEFT and RTGS?
Yes. IFSC BKID0000642 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Bank of India Midclatur branch?
You can reach the branch at 2382-220140 during regular banking hours.
Is IFSC BKID0000642 the same for all accounts at Midclatur branch?
Yes. The IFSC BKID0000642 is shared by every account held at Bank of India's Midclatur branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using BKID0000642 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Midclatur reflect within 30 minutes.
Summary
The IFSC code BKID0000642 belongs to Bank of India's MIDCLATUR branch, located at TRIMURTI BHAVAN NEAR UDAY PETRO PUMPBARSHI ROAD LATUR DIST LATUR in LATUR DIST LATUR ZONE SOLAPUR, MAHARASHTRA. 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.
