This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, LUDHIANA ASSET RECOVERY BRANCH branch in LUDHIANA. The 11-digit IFSC BKID0006508 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 LUDHIANA ASSET RECOVERY BRANCH 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.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Bank of India – LUDHIANA ASSET RECOVERY BRANCH is BKID0006508. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 006508 map to this branch in LUDHIANA, PUNJAB.
About Bank of India
Bank of India operates a wide network of branches across India, including the Ludhiana Asset Recovery Branch 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, BKID0006508.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Ludhiana Asset Recovery Branch |
| IFSC Code | BKID0006508 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA |
| City | Ludhiana |
| District | Ludhiana |
| State | Punjab |
| STD Code | 161 |
| Phone | 1612750217 |
About this branch
The branch is located at GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA. It serves the Ludhiana region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bank of India. The IFSC BKID0006508 is used to identify this branch on the RBI payments network.
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 LUDHIANA ASSET RECOVERY BRANCH branch came to be assigned the code BKID0006508.
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 BKID0006508, money simply cannot be routed to the LUDHIANA ASSET RECOVERY BRANCH branch electronically.
Products and account variants supported
Every account opened at the Ludhiana Asset Recovery Branch branch is mapped to IFSC BKID0006508 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 BKID0006508.
Banking services available
The Ludhiana Asset Recovery Branch branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 161-1612750217.
- 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 BKID0006508
How to transfer money using IFSC BKID0006508
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 BKID0006508 across all three.
How to use IFSC BKID0006508 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's LUDHIANA ASSET RECOVERY BRANCH 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 BKID0006508.
- Confirm the bank name auto-populates as Bank of India and the branch as LUDHIANA ASSET RECOVERY BRANCH.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0006508
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 – LUDHIANA ASSET RECOVERY BRANCH, ensure your bank's portal accepts IFSC BKID0006508 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Bank of India LUDHIANA ASSET RECOVERY BRANCH (IFSC BKID0006508)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0006508 in your mobile or internet banking app, and the money is credited to the LUDHIANA ASSET RECOVERY BRANCH branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC BKID0006508 for Bank of India – LUDHIANA ASSET RECOVERY BRANCH, 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 – BKID0006508 | Yes – BKID0006508 | Yes – BKID0006508 |
For most retail customers crediting the Ludhiana Asset Recovery Branch 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.
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 LUDHIANA ASSET RECOVERY BRANCH branch, the IFSC BKID0006508 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 Ludhiana Asset Recovery Branch 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 BKID0006508 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 & cheque-truncation details
Cheques drawn on the Ludhiana Asset Recovery Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0006508 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 BKID0006508
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 – LUDHIANA ASSET RECOVERY BRANCH, 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:
BKID0006508. - 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 Ludhiana Asset Recovery Branch branch sits at GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA. If you are travelling from outside Ludhiana, search for the branch on a maps application using the bank name and locality, or call 161-1612750217 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 BKID0006508 and your account number.
Verifying IFSC BKID0006508 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 BKID0006508 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 161-1612750217.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Ludhiana Asset Recovery Branch 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 BKID0006508 continue to work without interruption.
Branch address & contact
Bank of IndiaLudhiana Asset Recovery Branch Branch
GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA
Ludhiana, Punjab
Phone: 161-1612750217
IFSC: BKID0006508
Frequently asked questions
How do I add Bank of India Ludhiana Asset Recovery Branch as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0006508, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC BKID0006508 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0006508 to send funds instantly.
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 Ludhiana Asset Recovery Branch branch but serve different purposes.
Is IFSC BKID0006508 valid for NEFT and RTGS?
Yes. IFSC BKID0006508 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Bank of India Ludhiana Asset Recovery Branch branch located?
Bank of India's Ludhiana Asset Recovery Branch branch is located at GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA, Ludhiana, Punjab.
Does Bank of India Ludhiana Asset Recovery Branch branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 161-1612750217 to confirm.
Is IFSC BKID0006508 the same for all accounts at Ludhiana Asset Recovery Branch branch?
Yes. The IFSC BKID0006508 is shared by every account held at Bank of India's Ludhiana Asset Recovery Branch branch. Only the account number changes from customer to customer.
Final notes
To recap: BKID0006508 is the IFSC code of Bank of India, LUDHIANA ASSET RECOVERY BRANCH branch, in LUDHIANA, PUNJAB. 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.
