If you are searching for the IFSC code of Bank of India, MARKAPUR branch in MARKAPUR DISTT PRAKASAM AP, ANDHRA PRADESH, this page has every detail you need. The verified IFSC code for this branch is BKID0005618. 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 MARKAPUR branch, and detailed step-by-step guides for using the IFSC BKID0005618 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, BKID0005618 is the IFSC of Bank of India's MARKAPUR branch. The format is fixed: BKID = bank code, 0 = reserved, 005618 = branch identifier.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Markapur |
| IFSC Code | BKID0005618 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT |
| City | Markapur Distt Prakasam Ap |
| District | Markapur Distt Prakasam Ap |
| State | Andhra Pradesh |
| STD Code | 8596 |
| Phone | 8596222288 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Markapur branch in Markapur Distt Prakasam Ap. 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, BKID0005618.
About this branch
The branch is located at DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT. It serves the Markapur Distt Prakasam Ap 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 BKID0005618 is used to identify this branch on the RBI payments network.
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 MARKAPUR of Bank of India — its own 11-character IFSC. The code BKID0005618 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 BKID0005618 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 BKID0005618
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 BKID0005618 across all three.
How to use IFSC BKID0005618 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's MARKAPUR 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 BKID0005618.
- Confirm the bank name auto-populates as Bank of India and the branch as MARKAPUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC BKID0005618
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 – MARKAPUR, ensure your bank's portal accepts IFSC BKID0005618 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MARKAPUR, use IMPS. With IFSC BKID0005618 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 BKID0005618 for Bank of India – MARKAPUR, 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 – BKID0005618 | Yes – BKID0005618 | Yes – BKID0005618 |
For most retail customers crediting the Markapur 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 MARKAPUR branch, the IFSC BKID0005618 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 Markapur branch
Once you have an account at Bank of India – MARKAPUR, the IFSC BKID0005618 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.
Products and services
Customers walking into the Markapur 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 BKID0005618
MICR & cheque-truncation details
Cheques drawn on the Markapur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0005618 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Markapur 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 BKID0005618 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 BKID0005618
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 – MARKAPUR, 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:
BKID0005618. - 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 Markapur branch
The branch is located at DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT, which puts it inside Markapur Distt Prakasam Ap, the broader Markapur Distt Prakasam Ap district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Markapur branch” — the verified location pin for IFSC BKID0005618 should appear at the top of the results.
- Confirm the branch is open by calling 8596-8596222288 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 BKID0005618 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC BKID0005618 for Bank of India – MARKAPUR, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Working hours
Branch counters at Markapur 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 BKID0005618 continue to work without interruption.
Branch address & contact
Bank of IndiaMarkapur Branch
DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT
Markapur Distt Prakasam Ap, Andhra Pradesh
Phone: 8596-8596222288
IFSC: BKID0005618
Frequently asked questions
What is the IFSC code of Bank of India Markapur branch?
The IFSC code of Bank of India, Markapur branch is BKID0005618. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC BKID0005618 the same for all accounts at Markapur branch?
Yes. The IFSC BKID0005618 is shared by every account held at Bank of India's Markapur branch. Only the account number changes from customer to customer.
What is the phone number of Bank of India Markapur branch?
You can reach the branch at 8596-8596222288 during regular banking hours.
How do I add Bank of India Markapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0005618, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Markapur branch but serve different purposes.
Where is Bank of India Markapur branch located?
Bank of India's Markapur branch is located at DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT, Markapur Distt Prakasam Ap, Andhra Pradesh.
Summary
The IFSC code BKID0005618 belongs to Bank of India's MARKAPUR branch, located at DNO7486 489 NEHRU STREETMARKAPUR PRAKASAM DISTT in MARKAPUR DISTT PRAKASAM AP, ANDHRA PRADESH. 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.
