Bank of India (BOI) IFSC Code — Complete Guide
Bank of India is a nationalised bank with a strong global presence, founded in 1906 in Mumbai by a group of eminent businessmen. One of the earliest banks in India, BOI was nationalised in 1969 and has since grown to 5,200+ branches domestically and offices in 22 countries internationally. It is particularly known for its international banking and trade finance services.
How to Find BOI IFSC Code
- Use the search tool above — select state, district and branch
- Check your BOI cheque book — IFSC printed at top of every leaf
- Open your BOI passbook — front page shows IFSC code
- Log in to BOI net banking → Account Details
Using BOI IFSC for Transfers
- NEFT: Enter IFSC when adding beneficiary. Settled in 30 minutes.
- RTGS: For transfers above ₹2 lakh. Settled in real time.
- IMPS: 24×7 instant transfers up to ₹5 lakh.
- International: Use SWIFT code BKIDINBB (not IFSC) for overseas transfers.
NEFT, RTGS and IMPS Timings
- NEFT: Available 24×7 including weekends and holidays. Funds transferred in 30-minute settlement batches.
- RTGS: Available 24×7. Minimum transfer ₹2 lakh. Settlement is real-time and immediate.
- IMPS: Available 24×7 all 365 days. Maximum ₹5 lakh per transaction. Instant credit.
How IFSC Code Works in a Bank Transfer
When you initiate a fund transfer, you provide the beneficiary's account number and IFSC code. The payment system uses the IFSC to route the transaction to the correct bank branch. The first 4 characters identify the bank; the last 6 identify the branch. RBI's National Clearing Cell processes the transaction and credits the beneficiary's account.
IFSC Code vs Account Number
Your account number uniquely identifies your individual bank account. The IFSC code identifies the specific branch where that account is held. Both are needed together for online fund transfers — the account number tells where to credit, the IFSC tells which branch to route to.