Bank of India MALGAON Branch IFSC Code
BKID 0001601
Bank of India MALGAON — MALGAON DIST SANGLI, MAHARASHTRA
MICR: 416013540
RTGS: ✓
NEFT: ✓
IMPS: ✓
UPI: ✓
Branch Details
- Bank
- Bank of India
- Branch
- MALGAON
- IFSC Code
- BKID0001601
- MICR Code
- 416013540
- City
- MALGAON DIST SANGLI
- District
- MALGAON DIST SANGLI
- State
- MAHARASHTRA
- Contact
- +912332266631
How to Use This IFSC Code
NEFT Transfer
Use IFSC code BKID0001601 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.
RTGS Transfer
This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code BKID0001601.
IMPS Transfer
IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code BKID0001601.
IFSC Code Structure
B
K
I
D
0
0
0
1
6
0
1
- BKID — Bank code (Bank of India)
- 0 — Reserved (always 0)
- 001601 — Branch code (MALGAON)
Frequently Asked Questions
Is BKID0001601 valid for online transfer?
Yes, BKID0001601 is a valid IFSC code for Bank of India MALGAON branch in MALGAON DIST SANGLI, MAHARASHTRA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does BKID0001601 belong to?
BKID0001601 belongs to Bank of India. The first 4 characters "BKID" identify the bank.
What is the MICR code for this branch?
The MICR code for Bank of India MALGAON is 416013540. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using BKID0001601?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.