Bank of India IFSC Code: The Complete 2025 Guide

Banking in India today is almost unthinkable without digital transactions, fund transfers, and inter-bank payments. If you are banking with Bank of India (BOI) or planning to transfer money to or from a BOI account, the one code you must have on hand is the Bank of India IFSC Code. As we step into 2025, knowing how to use IFSC codes is more essential than ever, thanks to UPI, RTGS, NEFT, and a host of other online payment solutions.

This guide will help you understand everything you need to know about Bank of India’s IFSC codes in simple language—how they work, where to find them, and why they matter for your everyday transactions.

What is Bank of India IFSC Code?

Every bank branch in India that handles online payments—whether it’s a bustling city centre or a rural outpost—has a unique identifier known as the IFSC code. IFSC stands for Indian Financial System Code. This 11-character alphanumeric code is assigned by the Reserve Bank of India (RBI).

For Bank of India, the IFSC code is more than just a technical detail. It’s the key that enables secure, smooth, and error-free electronic fund transfers, including NEFT, RTGS, and IMPS.

Example:

• IFSC Code: BKID0001234
  • First four letters: BKID (Bank of India’s code)
  • Fifth character: 0 (reserved for future use)
  • Last six digits: 001234 (specific branch code)

Why Do You Need Bank of India IFSC Codes in 2025?

If you are transferring money—via UPI, IMPS, RTGS, or NEFT—to or from a Bank of India account, you must enter the correct IFSC code. In 2025, most online platforms, fintech apps, and even digital marketplaces like Amazon, Flipkart, or Paytm’s wallet for refunds or vendor payments, require this code for safe routing of funds.

Here’s why:

• Bank Identification: Ensures your money reaches the right branch, not just the right bank.
• Transaction Security: Prevents errors or misdirection during digital transfers.
• Regulatory Requirement: RBI mandates IFSC codes for specific types of transfers.

How is Bank of India IFSC Code Structured?

Here’s a table breaking down the typical structure of a Bank of India IFSC code:

What are the Key Uses of Bank of India IFSC Code?

1. Online Fund Transfers

   • NEFT (National Electronic Funds Transfer)
   • RTGS (Real-Time Gross Settlement)
   • IMPS (Immediate Payment Service)

2. UPI Payments

   • Account linking in UPI apps (Google Pay, PhonePe)

3. Bill Payments & Refunds

   • Payments on online shopping sites

4. Bank Account Verification

   • While setting up new credit cards, loans, or services

How to Find Your Bank of India IFSC Code?

1. On Your Chequebook or Passbook

Every Bank of India chequebook or passbook carries the IFSC code on the first page, typically under the bank address or name.

2. Bank of India Website or Bank App

BOI has a dedicated branch locator tool that lists up-to-date IFSC codes. Their mobile app also provides the code for your linked accounts.

3. RBI’s Official Website

The Reserve Bank of India keeps a master list of all IFSC codes across Indian banks. Search for “RBI IFSC lookup” for latest updates, especially if a branch has moved or merged.

4. Customer Care Helpline

Calling BOI’s helpline or visiting your nearest branch is a reliable way to verify the IFSC code if you are unsure.

5. Online Marketplaces & Fintech Apps

Most major digital payment apps (Paytm, PhonePe, Google Pay) and e-marketplaces auto-fetch the correct IFSC code when you enter the branch name or city.

How to Use Bank of India IFSC Code for Money Transfers?

Let’s say you want to send money to a family member with an account in BOI. Here’s a step-by-step guide:

For NEFT/RTGS on Internet Banking:

1. Log in to your banking portal.
2. Add beneficiary: Enter name, account number, and BOI IFSC code.
3. After verification, initiate transfer.
4. Enter the amount and submit.

For UPI or Digital Wallets:

• When linking a BOI account for the first time, apps often ask for IFSC if account recognition fails. Enter the branch’s IFSC manually if automatic search doesn’t work.

For Vendor/Marketplace Payments:

• If you are a seller or business, you will often need to provide your branch IFSC to receive payments from Flipkart, Amazon or similar platforms.

Common Bank of India IFSC Code Examples

Below are examples of actual BOI IFSC codes for popular branches (as of June 2024):

(Always cross-verify with the latest data online or bank official portals as codes may change if branches merge or relocate)

What Happens if You Use the Wrong IFSC Code for Bank of India?

Will My Money Get Lost?

• If you enter the wrong IFSC code but correct account number, usually the transfer fails; the amount is reversed to your account within 1-2 working days.
• If both the account number and IFSC code are wrong (but valid for another account), there’s a risk it may end up in someone else’s account. Always double-check before confirming.

Can the Bank Help?

• Yes. If you realise the error quickly, reach out to both your bank and Bank of India branch with transaction details to initiate reversal, though recovery isn’t always guaranteed, especially for IMPS or UPI, which settle instantly.

How Do IFSC Codes Differ from MICR and SWIFT Codes?

IFSC code is for domestic fund transfers inside India using NEFT, RTGS, or IMPS.

MICR code is a 9-digit code used for processing cheques.

SWIFT code is for international wire transfers.

Does the IFSC Code Ever Change?

Yes, but not frequently. It may change if:

• Branches merge or close,
• The RBI reorganises branches,
• The bank updates technological infrastructure.

Whenever there is a change, the bank usually sends notices via SMS/email and updates its website. Online apps also refresh their database timely.

Real-World Experiences: Why IFSC Code Accuracy Matters

In my personal experience, ensuring the correct IFSC code has always been non-negotiable. Whether I’m receiving a work payment or sending money to a family member in a different city, sharing the right IFSC avoids unnecessary delays, failed transactions, or trips to the bank.

I’ve seen cases where an incorrect IFSC led to funds being stuck for hours, with the payer and receiver both anxious—especially around festive seasons or urgent bill payments. Learning to double-check this small code paid off every time.

Bank of India IFSC Code: Checklist for Everyday Users

• Always confirm the code from the latest bank records or trusted online sources.
• Store the IFSC code alongside account details for easy access.
• Double-check each digit if you are entering manually—most errors happen here.
• For new accounts or NRI accounts, verify if the branch handles online transfers (rare exceptions exist).
• If in doubt, call the branch or customer support—banks are used to such queries.

Top Tips for Using BOI IFSC Code in 2025

1. Bookmark Official Sources: Use only RBI, BOI website, or your banking app for codes.
2. Stay Updated: If you are a frequent sender to a particular BOI branch, re-confirm the code every year or if you hear of branch merger news.
3. Prefer Auto-Fill: Let digital banking apps autofill the code whenever possible to minimise typos.
4. Educate Family/Staff: If sharing your account for fund transfers, share complete details—Account Name, Number, Branch & IFSC.
5. Save IFSC in Contacts: Along with payee name and account number, store the IFSC so you never have to search in a rush.
6. Regularly Check Notifications: Be alert for SMS or mailers from BOI about any branch or code changes.

Quick Recap (TL;DR)

• Bank of India IFSC Code is vital for online, NEFT/RTGS/IMPS/UPI money transfers in 2025.
• An IFSC is an 11-character code unique to each BOI branch (e.g., BKID0001234).
• Find your BOI IFSC on cheques, passbooks, bank website, RBI portal, or banking apps.
• Using the correct code ensures safe, fast, and successful fund transfers.
• Errors in the IFSC can delay, misdirect, or cancel your transaction.
• Regularly verify codes for high-value or frequent transactions.

People Also Ask (FAQs)

1. What if I use an old or invalid BOI IFSC code?
Your transaction will likely fail, and your money will be returned to your account. If not, contact the bank with transaction details.

2. Do all Bank of India branches have a unique IFSC?
Yes, each branch handling electronic payments has its own IFSC. Verify before using.

3. Can IFSC codes be used for international payments?
No. For international transfers, you need Bank of India’s SWIFT code, not IFSC.

4. How do I check if my BOI branch’s IFSC code has changed?
Visit BOI’s official branch locator or check with customer care. The RBI’s database also lists updated IFSC codes.

5. Is it safe to share my BOI IFSC code?
Yes, sharing your IFSC code (along with account details) is necessary for receiving payments. It cannot be misused by itself.

6. How soon are fund transfers completed using IFSC codes?

• NEFT: Usually within a few hours during banking hours.
• RTGS: Almost instant (within minutes).
• IMPS/UPI: Real-time, 24x7.

By understanding and using the Bank of India IFSC code correctly, you ensure every transaction you make in 2025 is secure, efficient, and worry-free.