This page lists the IFSC code, branch address, contact number and fund-transfer information for Bank of India, SIMILIPAL branch in SIMILIPAL DIST MAYURBHANJ. The 11-digit IFSC BKID0005471 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 SIMILIPAL 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, BKID0005471 is the IFSC of Bank of India's SIMILIPAL branch. The format is fixed: BKID = bank code, 0 = reserved, 005471 = branch identifier.
Bank profile
Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Similipal branch — IFSC BKID0005471 — extends the bank's services to customers in and around Similipal Dist Mayurbhanj, Odisha.
About this branch
The branch is located at AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ. It serves the Similipal Dist Mayurbhanj region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Bank of India. The IFSC BKID0005471 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Bank of India |
|---|---|
| Branch | Similipal |
| IFSC Code | BKID0005471 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ |
| City | Similipal Dist Mayurbhanj |
| District | Similipal Dist Mayurbhanj |
| State | Odisha |
| STD Code | 6797 |
| Phone | 6797296514 |
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 SIMILIPAL of Bank of India — its own 11-character IFSC. The code BKID0005471 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 BKID0005471 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 BKID0005471 and the account number together uniquely identify the Similipal branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC BKID0005471
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 BKID0005471 across all three.
How to use IFSC BKID0005471 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Bank of India's SIMILIPAL branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC BKID0005471.
- Confirm the bank name auto-populates as Bank of India and the branch as SIMILIPAL.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to SIMILIPAL
If you need to transfer ₹2 lakh or more in one go to an account at Bank of India's SIMILIPAL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC BKID0005471 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 – SIMILIPAL, use IMPS. With IFSC BKID0005471 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 BKID0005471 for Bank of India – SIMILIPAL, 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 – BKID0005471 | Yes – BKID0005471 | Yes – BKID0005471 |
For most retail customers crediting the Similipal 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 BKID0005471
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 – SIMILIPAL is still mapped to IFSC BKID0005471. 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 BKID0005471 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Similipal branch is mapped to IFSC BKID0005471 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 BKID0005471.
Products and services
Customers walking into the Similipal 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 BKID0005471
Digital banking channels
Most day-to-day work that customers used to do at the Similipal 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 BKID0005471 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.
Reaching the branch
The Similipal branch sits at AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ. If you are travelling from outside Similipal Dist Mayurbhanj, search for the branch on a maps application using the bank name and locality, or call 6797-6797296514 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC BKID0005471 and your account number.
Common mistakes to avoid when using IFSC BKID0005471
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 – SIMILIPAL, 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:
BKID0005471. - 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.
Working hours
Branch counters at Similipal 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 BKID0005471 continue to work without interruption.
Verifying IFSC BKID0005471 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 BKID0005471 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 6797-6797296514.
- Visiting the bank's official branch locator page.
Branch address & contact
Bank of IndiaSimilipal Branch
AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ
Similipal Dist Mayurbhanj, Odisha
Phone: 6797-6797296514
IFSC: BKID0005471
Frequently asked questions
Does Bank of India Similipal branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 6797-6797296514 to confirm.
How do I add Bank of India Similipal as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC BKID0005471, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Bank of India Similipal branch?
The IFSC code of Bank of India, Similipal branch is BKID0005471. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Bank of India Similipal branch located?
Bank of India's Similipal branch is located at AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ, Similipal Dist Mayurbhanj, Odisha.
Is IFSC BKID0005471 the same for all accounts at Similipal branch?
Yes. The IFSC BKID0005471 is shared by every account held at Bank of India's Similipal branch. Only the account number changes from customer to customer.
What is the phone number of Bank of India Similipal branch?
You can reach the branch at 6797-6797296514 during regular banking hours.
Summary
The IFSC code BKID0005471 belongs to Bank of India's SIMILIPAL branch, located at AT PO DURDURAVIA JASHIPUR DIST MAYURBHANJ in SIMILIPAL DIST MAYURBHANJ, ODISHA. 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.
