This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, KOCHAR MARKET branch in LUDHIANA. The 11-digit IFSC BKID0006527 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Bank of India at the KOCHAR MARKET location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 KOCHAR MARKET branch, the IFSC BKID0006527 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and 006527 identifies this particular branch.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Kochar Market |
| IFSC Code | BKID0006527 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KOCHAR MARKET LUDHIANAPUNJAB PIN 141 002 |
| City | Ludhiana |
| District | Ludhiana |
| State | Punjab |
| STD Code | 161 |
| Phone | 1612420173 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Kochar Market branch in Ludhiana. 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, BKID0006527.
About the Kochar Market branch
The Kochar Market branch of Bank of India is situated at KOCHAR MARKET LUDHIANAPUNJAB PIN 141 002. 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 BKID0006527 is used.
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 KOCHAR MARKET of Bank of India — its own 11-character IFSC. The code BKID0006527 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 BKID0006527 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC BKID0006527
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 BKID0006527 across all three.
NEFT to Bank of India, KOCHAR MARKET using IFSC BKID0006527
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 BKID0006527, and confirm that the system picks up Bank of India – KOCHAR MARKET. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KOCHAR MARKET
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's KOCHAR MARKET branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0006527 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of India KOCHAR MARKET (IFSC BKID0006527)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0006527 in your mobile or internet banking app, and the money is credited to the KOCHAR MARKET branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Kochar Market
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 BKID0006527:
- 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 KOCHAR MARKET is still linked to IFSC BKID0006527.
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 KOCHAR MARKET branch, the IFSC BKID0006527 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.
Account types you can open at the Kochar Market branch
Once you have an account at Bank of India – KOCHAR MARKET, the IFSC BKID0006527 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 Kochar Market branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 161-1612420173.
- 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 BKID0006527
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 BKID0006527 and the account number together uniquely identify the Kochar Market branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Kochar Market 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 BKID0006527 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.
Common mistakes to avoid when using IFSC BKID0006527
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 – KOCHAR MARKET, 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:
BKID0006527. - 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.
How to reach the Kochar Market branch
The branch is located at KOCHAR MARKET LUDHIANAPUNJAB PIN 141 002, which puts it inside Ludhiana, the broader Ludhiana district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Kochar Market branch” — the verified location pin for IFSC BKID0006527 should appear at the top of the results.
- Confirm the branch is open by calling 161-1612420173 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 BKID0006527 and your account number.
Verifying IFSC BKID0006527 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 BKID0006527 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 161-1612420173.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Kochar Market 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 BKID0006527 continue to work without interruption.
Branch address & contact
Bank of IndiaKochar Market Branch
KOCHAR MARKET LUDHIANAPUNJAB PIN 141 002
Ludhiana, Punjab
Phone: 161-1612420173
IFSC: BKID0006527
Frequently asked questions
What is the phone number of Bank of India Kochar Market branch?
You can reach the branch at 161-1612420173 during regular banking hours.
Does Bank of India Kochar Market branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 161-1612420173 to confirm.
Is IFSC BKID0006527 valid for NEFT and RTGS?
Yes. IFSC BKID0006527 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Bank of India Kochar Market branch?
The IFSC code of Bank of India, Kochar Market branch is BKID0006527. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC BKID0006527 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0006527 to send funds instantly.
How do I add Bank of India Kochar Market as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0006527, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC BKID0006527 the same for all accounts at Kochar Market branch?
Yes. The IFSC BKID0006527 is shared by every account held at Bank of India's Kochar Market branch. Only the account number changes from customer to customer.
Summary
The IFSC code BKID0006527 belongs to Bank of India's KOCHAR MARKET branch, located at KOCHAR MARKET LUDHIANAPUNJAB PIN 141 002 in LUDHIANA, PUNJAB. 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.
