Below are the complete branch details for Bank of India, RAICHUR branch, located in RAICHUR, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is BKID0008476. 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 BKID0008476 for Bank of India – RAICHUR — 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, BKID0008476 is the IFSC of Bank of India's RAICHUR branch. The format is fixed: BKID = bank code, 0 = reserved, 008476 = branch identifier.
About Bank of India
Bank of India operates a wide network of branches across India, including the Raichur branch in Raichur. 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, BKID0008476.
About the Raichur branch
The Raichur branch of Bank of India is situated at DOOR NO 12 1 57 MAIN GUNJ ROADSRI SIDDARAMESHWARAM ROAD RAICHUR DISTT. 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 BKID0008476 is used.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Raichur |
| IFSC Code | BKID0008476 |
| MICR Code | Refer to cheque leaf |
| Branch Address | DOOR NO 12 1 57 MAIN GUNJ ROADSRI SIDDARAMESHWARAM ROAD RAICHUR DISTT |
| City | Raichur |
| District | Raichur |
| State | Karnataka |
| STD Code | 91 |
| Phone | 9242952075 |
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 RAICHUR of Bank of India — its own 11-character IFSC. The code BKID0008476 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 BKID0008476 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Raichur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0008476 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 BKID0008476
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 BKID0008476 across all three.
NEFT to Bank of India, RAICHUR using IFSC BKID0008476
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 BKID0008476, and confirm that the system picks up Bank of India – RAICHUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0008476
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 – RAICHUR, ensure your bank's portal accepts IFSC BKID0008476 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – RAICHUR, use IMPS. With IFSC BKID0008476 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 BKID0008476 for Bank of India – RAICHUR, 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 – BKID0008476 | Yes – BKID0008476 | Yes – BKID0008476 |
For most retail customers crediting the Raichur 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 BKID0008476
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 – RAICHUR is still mapped to IFSC BKID0008476. 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 BKID0008476 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Raichur branch is mapped to IFSC BKID0008476 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 BKID0008476.
Products and services
Customers walking into the Raichur 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 BKID0008476
Digital banking channels
Most day-to-day work that customers used to do at the Raichur 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 BKID0008476 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.
How to reach the Raichur branch
The branch is located at DOOR NO 12 1 57 MAIN GUNJ ROADSRI SIDDARAMESHWARAM ROAD RAICHUR DISTT, which puts it inside Raichur, the broader Raichur district, and the state of Karnataka. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Raichur branch” — the verified location pin for IFSC BKID0008476 should appear at the top of the results.
- Confirm the branch is open by calling 91-9242952075 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 BKID0008476 and your account number.
Common mistakes to avoid when using IFSC BKID0008476
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 – RAICHUR, 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:
BKID0008476. - 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.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Raichur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0008476, however, work 24x7.
Verifying IFSC BKID0008476 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 BKID0008476 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9242952075.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaRaichur Branch
DOOR NO 12 1 57 MAIN GUNJ ROADSRI SIDDARAMESHWARAM ROAD RAICHUR DISTT
Raichur, Karnataka
Phone: 91-9242952075
IFSC: BKID0008476
Frequently asked questions
How quickly will an NEFT transfer using BKID0008476 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Raichur reflect within 30 minutes.
Can I use IFSC BKID0008476 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0008476 to send funds instantly.
Is IFSC BKID0008476 the same for all accounts at Raichur branch?
Yes. The IFSC BKID0008476 is shared by every account held at Bank of India's Raichur branch. Only the account number changes from customer to customer.
What is the phone number of Bank of India Raichur branch?
You can reach the branch at 91-9242952075 during regular banking hours.
Does Bank of India Raichur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9242952075 to confirm.
What is the IFSC code of Bank of India Raichur branch?
The IFSC code of Bank of India, Raichur branch is BKID0008476. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: BKID0008476 is the IFSC code of Bank of India, RAICHUR branch, in RAICHUR, KARNATAKA. 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.
