Bank of India — PIPALGAON RAIYAT

BURHANPUR, MADHYA PRADESH

IFSC Code

BKID0009588

MICR Code

450013528

Branch

PIPALGAON RAIYAT

Bank

Bank of India

District

BURHANPUR

State

MADHYA PRADESH

Contact

+919638576649

Address

PIPALGAON RAIYAT BRANCH VILLAGE PIPALGAON RAIYAT 450331

Get Directions to This Branch

Using IFSC BKID0009588 for money transfers

NEFT transfers to PIPALGAON RAIYAT, one of Bank of India's branches in BURHANPUR, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.

RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches PIPALGAON RAIYAT almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to PIPALGAON RAIYAT clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to PIPALGAON RAIYAT: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting PIPALGAON RAIYAT In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Sending funds to this Bank of India branch takes just a few steps:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code BKID0009588 when prompted — this routes the transfer to PIPALGAON RAIYAT specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the Bank of India PIPALGAON RAIYAT branch?

The IFSC code for Bank of India's PIPALGAON RAIYAT branch in BURHANPUR, MADHYA PRADESH is BKID0009588. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 450013528. MICR codes are used for cheque clearing, while the IFSC code (BKID0009588) is what's needed for electronic transfers like NEFT and RTGS.

Where is the PIPALGAON RAIYAT branch of Bank of India located?

This branch is located at: PIPALGAON RAIYAT BRANCH VILLAGE PIPALGAON RAIYAT 450331. It falls under BURHANPUR district, MADHYA PRADESH.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (BKID0009588) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +919638576649.

Other Bank of India branches in BURHANPUR

AMRAVATI ROADBURHANPURINDIRA NAGARJHIR PANJARIYAMPGB BURHANPURMPGB DAPORAMPGB DHULKOTMPGB HAIDERPUR

Bank of India in other districts of MADHYA PRADESH

DHAR (80)INDORE (75)UJJAIN (60)CHHATARPUR (56)BHOPAL (52)REWA (50)SATNA (49)DEWAS (46)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.