This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, PUNE branch in PUNE. The 11-digit IFSC BKID0000559 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 PUNE 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 – PUNE is BKID0000559. The first four letters BKID are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000559 map to this branch in PUNE, MAHARASHTRA.
About the bank
Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Pune branch in Pune, Maharashtra is part of this network and uses the IFSC code BKID0000559 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Pune |
| IFSC Code | BKID0000559 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SURATWALA MARK PLAZZOS NO28 BY 1 456HINJEWADINEXT TO HPPETROL PUMPHINJEWADIPUNE 411057 |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| STD Code | 91 |
| Phone | 7283233030 |
About this branch
The branch is located at SURATWALA MARK PLAZZOS NO28 BY 1 456HINJEWADINEXT TO HPPETROL PUMPHINJEWADIPUNE 411057. It serves the Pune 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 BKID0000559 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 PUNE of Bank of India — its own 11-character IFSC. The code BKID0000559 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 BKID0000559 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Pune branch is mapped to IFSC BKID0000559 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 BKID0000559.
Banking services available
The Pune branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-7283233030.
- 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 BKID0000559
How to transfer money using IFSC BKID0000559
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 BKID0000559 across all three.
NEFT to Bank of India, PUNE using IFSC BKID0000559
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 BKID0000559, and confirm that the system picks up Bank of India – PUNE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to PUNE
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's PUNE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0000559 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 – PUNE, use IMPS. With IFSC BKID0000559 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 Pune
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 BKID0000559:
- 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 PUNE is still linked to IFSC BKID0000559.
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 BKID0000559
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 – PUNE is still mapped to IFSC BKID0000559. 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 BKID0000559 and the beneficiary's account number to complete the transfer.
Online banking and IFSC BKID0000559
Bank of India customers can register for net banking and the bank's official mobile app once their account at the PUNE 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 BKID0000559 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 BKID0000559 and the account number together uniquely identify the Pune 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 BKID0000559
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 – PUNE, 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:
BKID0000559. - 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 Pune branch
The branch is located at SURATWALA MARK PLAZZOS NO28 BY 1 456HINJEWADINEXT TO HPPETROL PUMPHINJEWADIPUNE 411057, which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Pune branch” — the verified location pin for IFSC BKID0000559 should appear at the top of the results.
- Confirm the branch is open by calling 91-7283233030 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 BKID0000559 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC BKID0000559 for Bank of India – PUNE, 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 Pune 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 BKID0000559 continue to work without interruption.
Branch address & contact
Bank of IndiaPune Branch
SURATWALA MARK PLAZZOS NO28 BY 1 456HINJEWADINEXT TO HPPETROL PUMPHINJEWADIPUNE 411057
Pune, Maharashtra
Phone: 91-7283233030
IFSC: BKID0000559
Frequently asked questions
What is the phone number of Bank of India Pune branch?
You can reach the branch at 91-7283233030 during regular banking hours.
Where is Bank of India Pune branch located?
Bank of India's Pune branch is located at SURATWALA MARK PLAZZOS NO28 BY 1 456HINJEWADINEXT TO HPPETROL PUMPHINJEWADIPUNE 411057, Pune, Maharashtra.
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 Pune branch but serve different purposes.
Is IFSC BKID0000559 the same for all accounts at Pune branch?
Yes. The IFSC BKID0000559 is shared by every account held at Bank of India's Pune branch. Only the account number changes from customer to customer.
What is the IFSC code of Bank of India Pune branch?
The IFSC code of Bank of India, Pune branch is BKID0000559. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using BKID0000559 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Pune reflect within 30 minutes.
How do I add Bank of India Pune as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0000559, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC BKID0000559 valid for NEFT and RTGS?
Yes. IFSC BKID0000559 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: BKID0000559 is the IFSC code of Bank of India, PUNE branch, in PUNE, 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.
