This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, BANK STREET branch in NEW DELHI. The 11-digit IFSC BKID0006002 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 BANK STREET 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 BANK STREET branch, the IFSC BKID0006002 breaks down as follows: BKID identifies the bank, 0 is the reserved character, and 006002 identifies this particular branch.
Bank profile
Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Bank Street branch — IFSC BKID0006002 — extends the bank's services to customers in and around New Delhi, Delhi.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Bank Street |
| IFSC Code | BKID0006002 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 2631 BANK STREETKAROL BAGH |
| City | New Delhi |
| District | New Delhi |
| State | Delhi |
| STD Code | 11 |
| Phone | 2885556628 |
About this branch
The branch is located at 2631 BANK STREETKAROL BAGH. It serves the New Delhi 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 BKID0006002 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 BANK STREET of Bank of India — its own 11-character IFSC. The code BKID0006002 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 BKID0006002 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 Bank Street branch
Once you have an account at Bank of India – BANK STREET, the IFSC BKID0006002 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 Bank Street 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 BKID0006002
How to transfer money using IFSC BKID0006002
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 BKID0006002 across all three.
NEFT to Bank of India, BANK STREET using IFSC BKID0006002
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 BKID0006002, and confirm that the system picks up Bank of India – BANK STREET. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0006002
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 – BANK STREET, ensure your bank's portal accepts IFSC BKID0006002 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – BANK STREET, use IMPS. With IFSC BKID0006002 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Bank Street
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 BKID0006002:
- 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 BANK STREET is still linked to IFSC BKID0006002.
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.
UPI payments and IFSC BKID0006002
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 – BANK STREET is still mapped to IFSC BKID0006002. 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 BKID0006002 and the beneficiary's account number to complete the transfer.
Online banking and IFSC BKID0006002
Bank of India customers can register for net banking and the bank's official mobile app once their account at the BANK STREET 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 BKID0006002 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 BKID0006002 and the account number together uniquely identify the Bank Street 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 BKID0006002
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 – BANK STREET, 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:
BKID0006002. - 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 Bank Street branch
The branch is located at 2631 BANK STREETKAROL BAGH, which puts it inside New Delhi, the broader New Delhi district, and the state of Delhi. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Bank Street branch” — the verified location pin for IFSC BKID0006002 should appear at the top of the results.
- Confirm the branch is open by calling 11-2885556628 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 BKID0006002 and your account number.
Verifying IFSC BKID0006002 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 BKID0006002 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 11-2885556628.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Bank Street 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 BKID0006002 continue to work without interruption.
Branch address & contact
Bank of IndiaBank Street Branch
2631 BANK STREETKAROL BAGH
New Delhi, Delhi
Phone: 11-2885556628
IFSC: BKID0006002
Frequently asked questions
Is IFSC BKID0006002 valid for NEFT and RTGS?
Yes. IFSC BKID0006002 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Bank of India Bank Street as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0006002, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Bank of India Bank Street branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 11-2885556628 to confirm.
Where is Bank of India Bank Street branch located?
Bank of India's Bank Street branch is located at 2631 BANK STREETKAROL BAGH, New Delhi, Delhi.
What is the IFSC code of Bank of India Bank Street branch?
The IFSC code of Bank of India, Bank Street branch is BKID0006002. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using BKID0006002 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Bank Street reflect within 30 minutes.
What is the phone number of Bank of India Bank Street branch?
You can reach the branch at 11-2885556628 during regular banking hours.
Is IFSC BKID0006002 the same for all accounts at Bank Street branch?
Yes. The IFSC BKID0006002 is shared by every account held at Bank of India's Bank Street branch. Only the account number changes from customer to customer.
Summary
The IFSC code BKID0006002 belongs to Bank of India's BANK STREET branch, located at 2631 BANK STREETKAROL BAGH in NEW DELHI, DELHI. 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.
