Below are the complete branch details for Bank of India, MARKACHHO branch, located in MARKACHHO DISTKODERMA, JHARKHAND. The IFSC assigned by the Reserve Bank of India to this branch is BKID0004827. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case BKID0004827 for Bank of India – MARKACHHO — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, BKID0004827 is the IFSC of Bank of India's MARKACHHO branch. The format is fixed: BKID = bank code, 0 = reserved, 004827 = branch identifier.
About Bank of India
Bank of India operates a wide network of branches across India, including the Markachho branch in Markachho Distkoderma. 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, BKID0004827.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Markachho |
| IFSC Code | BKID0004827 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT POST MARKACHHODISTRICT KODERMA |
| City | Markachho Distkoderma |
| District | Markachho Distkoderma |
| State | Jharkhand |
| STD Code | 6534 |
| Phone | 6534265606 |
About the Markachho branch
The Markachho branch of Bank of India is situated at AT POST MARKACHHODISTRICT KODERMA. 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 BKID0004827 is used.
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 MARKACHHO branch came to be assigned the code BKID0004827.
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 BKID0004827, money simply cannot be routed to the MARKACHHO branch electronically.
Products and account variants supported
Every account opened at the Markachho branch is mapped to IFSC BKID0004827 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 BKID0004827.
Products and services
Customers walking into the Markachho 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 BKID0004827
How to transfer money using IFSC BKID0004827
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 BKID0004827 across all three.
How to use IFSC BKID0004827 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's MARKACHHO 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 BKID0004827.
- Confirm the bank name auto-populates as Bank of India and the branch as MARKACHHO.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0004827
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 – MARKACHHO, ensure your bank's portal accepts IFSC BKID0004827 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MARKACHHO, use IMPS. With IFSC BKID0004827 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 BKID0004827 for Bank of India – MARKACHHO, 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 – BKID0004827 | Yes – BKID0004827 | Yes – BKID0004827 |
For most retail customers crediting the Markachho 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 MARKACHHO branch, the IFSC BKID0004827 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.
Online banking and IFSC BKID0004827
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MARKACHHO 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 BKID0004827 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 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 BKID0004827 and the account number together uniquely identify the Markachho branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC BKID0004827
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 – MARKACHHO, 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:
BKID0004827. - 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 Markachho branch
The branch is located at AT POST MARKACHHODISTRICT KODERMA, which puts it inside Markachho Distkoderma, the broader Markachho Distkoderma district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Markachho branch” — the verified location pin for IFSC BKID0004827 should appear at the top of the results.
- Confirm the branch is open by calling 6534-6534265606 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 BKID0004827 and your account number.
Verifying IFSC BKID0004827 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 BKID0004827 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 6534-6534265606.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Markachho 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 BKID0004827 continue to work without interruption.
Branch address & contact
Bank of IndiaMarkachho Branch
AT POST MARKACHHODISTRICT KODERMA
Markachho Distkoderma, Jharkhand
Phone: 6534-6534265606
IFSC: BKID0004827
Frequently asked questions
Is IFSC BKID0004827 the same for all accounts at Markachho branch?
Yes. The IFSC BKID0004827 is shared by every account held at Bank of India's Markachho branch. Only the account number changes from customer to customer.
Does Bank of India Markachho branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 6534-6534265606 to confirm.
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 Markachho branch but serve different purposes.
How quickly will an NEFT transfer using BKID0004827 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Markachho reflect within 30 minutes.
Is IFSC BKID0004827 valid for NEFT and RTGS?
Yes. IFSC BKID0004827 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC BKID0004827 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0004827 to send funds instantly.
Final notes
To recap: BKID0004827 is the IFSC code of Bank of India, MARKACHHO branch, in MARKACHHO DISTKODERMA, JHARKHAND. 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.
