This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, MPGB PHYSICAL branch in SHIVPURI. The 11-digit IFSC BKID0MG1928 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 MPGB PHYSICAL 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.
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, BKID0MG1928 is the IFSC of Bank of India's MPGB PHYSICAL branch. The format is fixed: BKID = bank code, 0 = reserved, MG1928 = branch identifier.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Mpgb Physical |
| IFSC Code | BKID0MG1928 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551 |
| City | Shivpuri |
| District | Shivpuri |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 9340681474 |
About Bank of India
Bank of India operates a wide network of branches across India, including the Mpgb Physical branch in Shivpuri. 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, BKID0MG1928.
About the Mpgb Physical branch
The Mpgb Physical branch of Bank of India is situated at PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551. 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 BKID0MG1928 is used.
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 MPGB PHYSICAL branch came to be assigned the code BKID0MG1928.
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 BKID0MG1928, money simply cannot be routed to the MPGB PHYSICAL branch electronically.
How to transfer money using IFSC BKID0MG1928
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 BKID0MG1928 across all three.
NEFT to Bank of India, MPGB PHYSICAL using IFSC BKID0MG1928
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 BKID0MG1928, and confirm that the system picks up Bank of India – MPGB PHYSICAL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MPGB PHYSICAL
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's MPGB PHYSICAL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0MG1928 while initiating the transfer and the credit will appear within minutes.
IMPS to Bank of India MPGB PHYSICAL (IFSC BKID0MG1928)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC BKID0MG1928 in your mobile or internet banking app, and the money is credited to the MPGB PHYSICAL branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Mpgb Physical
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 BKID0MG1928:
- 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 PHYSICAL is still linked to IFSC BKID0MG1928.
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 PHYSICAL branch, the IFSC BKID0MG1928 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 Physical branch
Once you have an account at Bank of India – MPGB PHYSICAL, the IFSC BKID0MG1928 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 Physical 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 BKID0MG1928
MICR & cheque-truncation details
Cheques drawn on the Mpgb Physical branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC BKID0MG1928 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC BKID0MG1928
Bank of India customers can register for net banking and the bank's official mobile app once their account at the MPGB PHYSICAL 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 BKID0MG1928 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.
Common mistakes to avoid when using IFSC BKID0MG1928
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 – MPGB PHYSICAL, 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:
BKID0MG1928. - 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 Mpgb Physical branch
The branch is located at PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551, which puts it inside Shivpuri, the broader Shivpuri district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Bank of India Mpgb Physical branch” — the verified location pin for IFSC BKID0MG1928 should appear at the top of the results.
- Confirm the branch is open by calling 91-9340681474 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 BKID0MG1928 and your account number.
Verifying IFSC BKID0MG1928 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 BKID0MG1928 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9340681474.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Mpgb Physical 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 BKID0MG1928 continue to work without interruption.
Branch address & contact
Bank of IndiaMpgb Physical Branch
PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551
Shivpuri, Madhya Pradesh
Phone: 91-9340681474
IFSC: BKID0MG1928
Frequently asked questions
Is IFSC BKID0MG1928 valid for NEFT and RTGS?
Yes. IFSC BKID0MG1928 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC BKID0MG1928 the same for all accounts at Mpgb Physical branch?
Yes. The IFSC BKID0MG1928 is shared by every account held at Bank of India's Mpgb Physical branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using BKID0MG1928 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Bank of India – Mpgb Physical reflect within 30 minutes.
Where is Bank of India Mpgb Physical branch located?
Bank of India's Mpgb Physical branch is located at PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551, Shivpuri, Madhya Pradesh.
What is the IFSC code of Bank of India Mpgb Physical branch?
The IFSC code of Bank of India, Mpgb Physical branch is BKID0MG1928. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC BKID0MG1928 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC BKID0MG1928 to send funds instantly.
What is the phone number of Bank of India Mpgb Physical branch?
You can reach the branch at 91-9340681474 during regular banking hours.
Does Bank of India Mpgb Physical branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9340681474 to confirm.
Summary
The IFSC code BKID0MG1928 belongs to Bank of India's MPGB PHYSICAL branch, located at PHYSICAL COLLEGE ROAD, SHIVPURI DISTRICT SHIVPURI 473551 in SHIVPURI, 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.
