Use this page as a one-stop reference for everything related to Bank of India's LONAR branch in LONAR, MAHARASHTRA. The branch's IFSC code BKID0009735 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, BKID0009735 is the IFSC of Bank of India's LONAR branch. The format is fixed: BKID = bank code, 0 = reserved, 009735 = branch identifier.
About Bank of India
Bank of India operates a wide network of branches across India, including the Lonar branch in Lonar. 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, BKID0009735.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Lonar |
| IFSC Code | BKID0009735 |
| MICR Code | Refer to cheque leaf |
| Branch Address | JAY GAJANAN COMPLEX, IRATKAR NAGAR LONI ROAD LONAR, TA- LONAR DIST-BULDHANA -443302 |
| City | Lonar |
| District | Buldhana |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 9373620871 |
Lonar branch overview
Located at JAY GAJANAN COMPLEX, IRATKAR NAGAR LONI ROAD LONAR, TA- LONAR DIST-BULDHANA -443302, the Lonar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0009735 is required for all interbank electronic transfers routed through this branch.
Why every Bank of India branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including LONAR of Bank of India — its own 11-character IFSC. The code BKID0009735 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC BKID0009735 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Lonar branch
Once you have an account at Bank of India – LONAR, the IFSC BKID0009735 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Lonar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9373620871.
- 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 BKID0009735
How to transfer money using IFSC BKID0009735
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 BKID0009735 across all three.
NEFT to Bank of India, LONAR using IFSC BKID0009735
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 BKID0009735, and confirm that the system picks up Bank of India – LONAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to LONAR
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's LONAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0009735 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 – LONAR, use IMPS. With IFSC BKID0009735 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0009735 for Bank of India – LONAR, 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 – BKID0009735 | Yes – BKID0009735 | Yes – BKID0009735 |
For most retail customers crediting the Lonar 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 BKID0009735
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 – LONAR is still mapped to IFSC BKID0009735. 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 BKID0009735 and the beneficiary's account number to complete the transfer.
Online banking and IFSC BKID0009735
Bank of India customers can register for net banking and the bank's official mobile app once their account at the LONAR 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 BKID0009735 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 & cheque-truncation details
Cheques drawn on the Lonar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0009735 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC BKID0009735
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 – LONAR, 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:
BKID0009735. - 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.
Reaching the branch
The Lonar branch sits at JAY GAJANAN COMPLEX, IRATKAR NAGAR LONI ROAD LONAR, TA- LONAR DIST-BULDHANA -443302. If you are travelling from outside Lonar, search for the branch on a maps application using the bank name and locality, or call 91-9373620871 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 BKID0009735 and your account number.
Verifying IFSC BKID0009735 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 BKID0009735 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9373620871.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Lonar 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 BKID0009735 continue to work without interruption.
Branch address & contact
Bank of IndiaLonar Branch
JAY GAJANAN COMPLEX, IRATKAR NAGAR LONI ROAD LONAR, TA- LONAR DIST-BULDHANA -443302
Lonar, Maharashtra
Phone: 91-9373620871
IFSC: BKID0009735
Frequently asked questions
Does Bank of India Lonar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9373620871 to confirm.
What is the IFSC code of Bank of India Lonar branch?
The IFSC code of Bank of India, Lonar branch is BKID0009735. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Bank of India Lonar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0009735, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using BKID0009735 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Lonar reflect within 30 minutes.
Can I use IFSC BKID0009735 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0009735 to send funds instantly.
Where is Bank of India Lonar branch located?
Bank of India's Lonar branch is located at JAY GAJANAN COMPLEX, IRATKAR NAGAR LONI ROAD LONAR, TA- LONAR DIST-BULDHANA -443302, Lonar, Maharashtra.
Is IFSC BKID0009735 the same for all accounts at Lonar branch?
Yes. The IFSC BKID0009735 is shared by every account held at Bank of India's Lonar branch. Only the account number changes from customer to customer.
Final notes
To recap: BKID0009735 is the IFSC code of Bank of India, LONAR branch, in LONAR, MAHARASHTRA. 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.
