This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, PALGAD branch in PALGAD TALDAPOLI DIST RATNAGIRI. The 11-digit IFSC BKID0001422 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 PALGAD 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.
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, BKID0001422 is the IFSC of Bank of India's PALGAD branch. The format is fixed: BKID = bank code, 0 = reserved, 001422 = branch identifier.
About Bank of India
Bank of India operates a wide network of branches across India, including the Palgad branch in Palgad Taldapoli Dist Ratnagiri. 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, BKID0001422.
About this branch
The branch is located at BAZAR PETH AT POST PALGADTALUKA DAPOLI DISTRATNAGIRI. It serves the Palgad Taldapoli Dist Ratnagiri 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 BKID0001422 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Palgad |
| IFSC Code | BKID0001422 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BAZAR PETH AT POST PALGADTALUKA DAPOLI DISTRATNAGIRI |
| City | Palgad Taldapoli Dist Ratnagiri |
| District | Palgad Taldapoli Dist Ratnagiri |
| State | Maharashtra |
| STD Code | 2358 |
| Phone | 2358237043 |
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 PALGAD branch came to be assigned the code BKID0001422.
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 BKID0001422, money simply cannot be routed to the PALGAD branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Palgad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0001422 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC BKID0001422
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 BKID0001422 across all three.
NEFT to Bank of India, PALGAD using IFSC BKID0001422
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 BKID0001422, and confirm that the system picks up Bank of India – PALGAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to PALGAD
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's PALGAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0001422 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – PALGAD, use IMPS. With IFSC BKID0001422 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 BKID0001422 for Bank of India – PALGAD, 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 – BKID0001422 | Yes – BKID0001422 | Yes – BKID0001422 |
For most retail customers crediting the Palgad 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.
UPI payments and IFSC BKID0001422
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 – PALGAD is still mapped to IFSC BKID0001422. 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 BKID0001422 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Palgad branch is mapped to IFSC BKID0001422 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 BKID0001422.
Banking services available
The Palgad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2358-2358237043.
- 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 BKID0001422
Online banking and IFSC BKID0001422
Bank of India customers can register for net banking and the bank's official mobile app once their account at the PALGAD 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 BKID0001422 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.
How to reach the Palgad branch
The branch is located at BAZAR PETH AT POST PALGADTALUKA DAPOLI DISTRATNAGIRI, which puts it inside Palgad Taldapoli Dist Ratnagiri, the broader Palgad Taldapoli Dist Ratnagiri district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Palgad branch” — the verified location pin for IFSC BKID0001422 should appear at the top of the results.
- Confirm the branch is open by calling 2358-2358237043 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 BKID0001422 and your account number.
Common mistakes to avoid when using IFSC BKID0001422
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 – PALGAD, 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:
BKID0001422. - 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.
Working hours
Branch counters at Palgad 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 BKID0001422 continue to work without interruption.
Verifying IFSC BKID0001422 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 BKID0001422 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2358-2358237043.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaPalgad Branch
BAZAR PETH AT POST PALGADTALUKA DAPOLI DISTRATNAGIRI
Palgad Taldapoli Dist Ratnagiri, Maharashtra
Phone: 2358-2358237043
IFSC: BKID0001422
Frequently asked questions
What is the phone number of Bank of India Palgad branch?
You can reach the branch at 2358-2358237043 during regular banking hours.
How quickly will an NEFT transfer using BKID0001422 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Palgad reflect within 30 minutes.
Does Bank of India Palgad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2358-2358237043 to confirm.
Can I use IFSC BKID0001422 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0001422 to send funds instantly.
Is IFSC BKID0001422 valid for NEFT and RTGS?
Yes. IFSC BKID0001422 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Palgad branch but serve different purposes.
How do I add Bank of India Palgad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0001422, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: BKID0001422 is the IFSC code of Bank of India, PALGAD branch, in PALGAD TALDAPOLI DIST RATNAGIRI, MAHARASHTRA. 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.
