If you are searching for the IFSC code of Bank of India, RATU branch in RATU, JHARKHAND, this page has every detail you need. The verified IFSC code for this branch is BKID0004945. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the RATU branch, and detailed step-by-step guides for using the IFSC BKID0004945 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular 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, BKID0004945 is the IFSC of Bank of India's RATU branch. The format is fixed: BKID = bank code, 0 = reserved, 004945 = branch identifier.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Ratu |
| IFSC Code | BKID0004945 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT POST RATURATU CHATTI |
| City | Ratu |
| District | Ratu |
| State | Jharkhand |
| STD Code | 651 |
| Phone | 6512521557 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Ratu branch in Ratu. 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, BKID0004945.
About the Ratu branch
The Ratu branch of Bank of India is situated at AT POST RATURATU CHATTI. 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 BKID0004945 is used.
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 RATU of Bank of India — its own 11-character IFSC. The code BKID0004945 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 BKID0004945 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC BKID0004945
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 BKID0004945 across all three.
NEFT to Bank of India, RATU using IFSC BKID0004945
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 BKID0004945, and confirm that the system picks up Bank of India – RATU. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RATU
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's RATU branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0004945 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 – RATU, use IMPS. With IFSC BKID0004945 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 BKID0004945 for Bank of India – RATU, 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 – BKID0004945 | Yes – BKID0004945 | Yes – BKID0004945 |
For most retail customers crediting the Ratu 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 BKID0004945
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 – RATU is still mapped to IFSC BKID0004945. 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 BKID0004945 and the beneficiary's account number to complete the transfer.
Account types you can open at the Ratu branch
Once you have an account at Bank of India – RATU, the IFSC BKID0004945 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.
Banking services available
The Ratu branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 651-6512521557.
- 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 BKID0004945
MICR & cheque-truncation details
Cheques drawn on the Ratu branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0004945 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Ratu 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 BKID0004945 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.
Common mistakes to avoid when using IFSC BKID0004945
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 – RATU, 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:
BKID0004945. - 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 Ratu branch
The branch is located at AT POST RATURATU CHATTI, which puts it inside Ratu, the broader Ratu district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Ratu branch” — the verified location pin for IFSC BKID0004945 should appear at the top of the results.
- Confirm the branch is open by calling 651-6512521557 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 BKID0004945 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC BKID0004945 for Bank of India – RATU, 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.
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 Ratu branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0004945, however, work 24x7.
Branch address & contact
Bank of IndiaRatu Branch
AT POST RATURATU CHATTI
Ratu, Jharkhand
Phone: 651-6512521557
IFSC: BKID0004945
Frequently asked questions
What is the phone number of Bank of India Ratu branch?
You can reach the branch at 651-6512521557 during regular banking hours.
Where is Bank of India Ratu branch located?
Bank of India's Ratu branch is located at AT POST RATURATU CHATTI, Ratu, Jharkhand.
What is the IFSC code of Bank of India Ratu branch?
The IFSC code of Bank of India, Ratu branch is BKID0004945. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Bank of India Ratu branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 651-6512521557 to confirm.
How do I add Bank of India Ratu as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0004945, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using BKID0004945 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Ratu reflect within 30 minutes.
Summary
The IFSC code BKID0004945 belongs to Bank of India's RATU branch, located at AT POST RATURATU CHATTI in RATU, JHARKHAND. 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.
