Use this page as a one-stop reference for everything related to Bank of India's MPGB SHAHGANJ branch in SEHORE, MADHYA PRADESH. The branch's IFSC code BKID0MG0348 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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, BKID0MG0348 is the IFSC of Bank of India's MPGB SHAHGANJ branch. The format is fixed: BKID = bank code, 0 = reserved, MG0348 = 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 Mpgb Shahganj branch in Sehore, Madhya Pradesh is part of this network and uses the IFSC code BKID0MG0348 for all electronic settlement.
Mpgb Shahganj branch overview
Located at VP SHAHGANJ TEH BUDNI DIST SEHORE, the Mpgb Shahganj branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC BKID0MG0348 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Shahganj |
| IFSC Code | BKID0MG0348 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VP SHAHGANJ TEH BUDNI DIST SEHORE |
| City | Sehore |
| District | Sehore |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9827765971 |
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 MPGB SHAHGANJ of Bank of India — its own 11-character IFSC. The code BKID0MG0348 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 BKID0MG0348 the same way you would treat your account number — verify it once and save it carefully for future use.
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 BKID0MG0348 and the account number together uniquely identify the Mpgb Shahganj branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC BKID0MG0348
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 BKID0MG0348 across all three.
NEFT to Bank of India, MPGB SHAHGANJ using IFSC BKID0MG0348
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 BKID0MG0348, and confirm that the system picks up Bank of India – MPGB SHAHGANJ. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC BKID0MG0348
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 – MPGB SHAHGANJ, ensure your bank's portal accepts IFSC BKID0MG0348 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Bank of India – MPGB SHAHGANJ, use IMPS. With IFSC BKID0MG0348 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 Mpgb Shahganj
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 BKID0MG0348:
- 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 MPGB SHAHGANJ is still linked to IFSC BKID0MG0348.
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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Bank of India's MPGB SHAHGANJ branch, the IFSC BKID0MG0348 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Mpgb Shahganj branch
Once you have an account at Bank of India – MPGB SHAHGANJ, the IFSC BKID0MG0348 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.
Products and services
Customers walking into the Mpgb Shahganj 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 BKID0MG0348
Online banking and IFSC BKID0MG0348
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB SHAHGANJ 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 BKID0MG0348 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 Mpgb Shahganj branch
The branch is located at VP SHAHGANJ TEH BUDNI DIST SEHORE, which puts it inside Sehore, the broader Sehore district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Mpgb Shahganj branch” — the verified location pin for IFSC BKID0MG0348 should appear at the top of the results.
- Confirm the branch is open by calling 91-9827765971 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 BKID0MG0348 and your account number.
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 – MPGB SHAHGANJ:
- The IFSC is exactly BKID0MG0348 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 MPGB SHAHGANJ 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.
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 Mpgb Shahganj branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC BKID0MG0348, however, work 24x7.
Verifying IFSC BKID0MG0348 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 BKID0MG0348 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9827765971.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaMpgb Shahganj Branch
VP SHAHGANJ TEH BUDNI DIST SEHORE
Sehore, Madhya Pradesh
Phone: 91-9827765971
IFSC: BKID0MG0348
Frequently asked questions
Can I use IFSC BKID0MG0348 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0MG0348 to send funds instantly.
How quickly will an NEFT transfer using BKID0MG0348 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Shahganj reflect within 30 minutes.
What is the IFSC code of Bank of India Mpgb Shahganj branch?
The IFSC code of Bank of India, Mpgb Shahganj branch is BKID0MG0348. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Bank of India Mpgb Shahganj as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0MG0348, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Bank of India Mpgb Shahganj branch?
You can reach the branch at 91-9827765971 during regular banking hours.
Is IFSC BKID0MG0348 the same for all accounts at Mpgb Shahganj branch?
Yes. The IFSC BKID0MG0348 is shared by every account held at Bank of India's Mpgb Shahganj branch. Only the account number changes from customer to customer.
Where is Bank of India Mpgb Shahganj branch located?
Bank of India's Mpgb Shahganj branch is located at VP SHAHGANJ TEH BUDNI DIST SEHORE, Sehore, Madhya Pradesh.
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 Mpgb Shahganj branch but serve different purposes.
Summary
The IFSC code BKID0MG0348 belongs to Bank of India's MPGB SHAHGANJ branch, located at VP SHAHGANJ TEH BUDNI DIST SEHORE in SEHORE, MADHYA PRADESH. 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.
