Below are the complete branch details for Bank of India, ASSET RECOVERY BRANCH RAIPUR branch, located in RAIPUR, CHHATTISGARH. The IFSC assigned by the Reserve Bank of India to this branch is BKID0009372. 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 BKID0009372 for Bank of India – ASSET RECOVERY BRANCH RAIPUR — 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, BKID0009372 is the IFSC of Bank of India's ASSET RECOVERY BRANCH RAIPUR branch. The format is fixed: BKID = bank code, 0 = reserved, 009372 = branch identifier.
About the bank
Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Asset Recovery Branch Raipur branch in Raipur, Chhattisgarh is part of this network and uses the IFSC code BKID0009372 for all electronic settlement.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Asset Recovery Branch Raipur |
| IFSC Code | BKID0009372 |
| MICR Code | Refer to cheque leaf |
| Branch Address | RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR |
| City | Raipur |
| District | Raipur |
| State | Chhattisgarh |
| STD Code | 91 |
| Phone | 9424126519 |
Asset Recovery Branch Raipur branch overview
Located at RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR, the Asset Recovery Branch Raipur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0009372 is required for all interbank electronic transfers routed through this branch.
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 ASSET RECOVERY BRANCH RAIPUR branch came to be assigned the code BKID0009372.
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 BKID0009372, money simply cannot be routed to the ASSET RECOVERY BRANCH RAIPUR branch electronically.
Products and account variants supported
Every account opened at the Asset Recovery Branch Raipur branch is mapped to IFSC BKID0009372 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 BKID0009372.
Banking services available
The Asset Recovery Branch Raipur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-9424126519.
- 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 BKID0009372
How to transfer money using IFSC BKID0009372
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 BKID0009372 across all three.
NEFT to Bank of India, ASSET RECOVERY BRANCH RAIPUR using IFSC BKID0009372
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 BKID0009372, and confirm that the system picks up Bank of India – ASSET RECOVERY BRANCH RAIPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0009372
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 – ASSET RECOVERY BRANCH RAIPUR, ensure your bank's portal accepts IFSC BKID0009372 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – ASSET RECOVERY BRANCH RAIPUR, use IMPS. With IFSC BKID0009372 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 BKID0009372 for Bank of India – ASSET RECOVERY BRANCH RAIPUR, 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 – BKID0009372 | Yes – BKID0009372 | Yes – BKID0009372 |
For most retail customers crediting the Asset Recovery Branch Raipur 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 BKID0009372
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 – ASSET RECOVERY BRANCH RAIPUR is still mapped to IFSC BKID0009372. 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 BKID0009372 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Asset Recovery Branch Raipur 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 BKID0009372 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.
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 BKID0009372 and the account number together uniquely identify the Asset Recovery Branch Raipur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Bank of India – ASSET RECOVERY BRANCH RAIPUR:
- The IFSC is exactly BKID0009372 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Bank of India as the bank name and ASSET RECOVERY BRANCH RAIPUR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Asset Recovery Branch Raipur branch
The branch is located at RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR, which puts it inside Raipur, the broader Raipur district, and the state of Chhattisgarh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Asset Recovery Branch Raipur branch” — the verified location pin for IFSC BKID0009372 should appear at the top of the results.
- Confirm the branch is open by calling 91-9424126519 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 BKID0009372 and your account number.
Verifying IFSC BKID0009372 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 BKID0009372 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9424126519.
- Visiting the bank's official branch locator page.
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 Asset Recovery Branch Raipur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0009372, however, work 24x7.
Branch address & contact
Bank of IndiaAsset Recovery Branch Raipur Branch
RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR
Raipur, Chhattisgarh
Phone: 91-9424126519
IFSC: BKID0009372
Frequently asked questions
How quickly will an NEFT transfer using BKID0009372 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Asset Recovery Branch Raipur reflect within 30 minutes.
How do I add Bank of India Asset Recovery Branch Raipur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0009372, 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 Asset Recovery Branch Raipur branch but serve different purposes.
Is IFSC BKID0009372 valid for NEFT and RTGS?
Yes. IFSC BKID0009372 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Bank of India Asset Recovery Branch Raipur branch?
You can reach the branch at 91-9424126519 during regular banking hours.
What is the IFSC code of Bank of India Asset Recovery Branch Raipur branch?
The IFSC code of Bank of India, Asset Recovery Branch Raipur branch is BKID0009372. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Bank of India Asset Recovery Branch Raipur branch located?
Bank of India's Asset Recovery Branch Raipur branch is located at RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR, Raipur, Chhattisgarh.
Summary
The IFSC code BKID0009372 belongs to Bank of India's ASSET RECOVERY BRANCH RAIPUR branch, located at RAVI BHAWAN NEAR JAYSTAMBH CHOWNK RAIPUR in RAIPUR, CHHATTISGARH. 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.
