Bank of India – SWIFT codes in India

Bank of India – SWIFT codes in India

The Bank of India offers a wide range of products and services to cater to the diverse needs of its customers. Let’s explore these in detail:



Personal Banking:

  1. Savings Accounts: The Bank of India offers various savings account options, such as regular savings accounts, salary accounts, and senior citizen accounts, to help customers manage their finances effectively.
  2. Current Accounts: Designed for businesses and individuals with high transaction volumes, current accounts provide features like unlimited transactions, overdraft facilities, and online banking.
  3. Fixed Deposits: Customers can invest their savings in fixed deposits, which offer attractive interest rates and flexible tenures.
  4. Loans: The Bank of India provides personal loans, home loans, car loans, and education loans to help customers fulfill their financial goals.

Corporate Banking:

  1. Working Capital Finance: The bank offers working capital finance to help businesses meet their short-term financial requirements, such as inventory management and operational expenses.
  2. Term Loans: Companies can avail term loans for capital expenditure, business expansion, and other long-term projects.
  3. Trade Finance: The Bank of India provides a range of trade finance solutions, including letter of credit, bank guarantees, and export credit, to facilitate international trade.
  4. Cash Management Services: The bank offers cash management services to help businesses optimize their cash flows and streamline their financial processes.

Digital Banking:

  1. Internet Banking: Customers can access their accounts, transfer funds, pay bills, and perform various banking transactions through the bank’s internet banking platform.
  2. Mobile Banking: The Bank of India’s mobile banking app allows customers to conduct banking transactions, check balances, and access services on the go.
  3. UPI Payments: The bank has integrated with the Unified Payments Interface (UPI) to enable fast, secure, and convenient digital payments.
  4. BOI Mobile App: The BOI Mobile app provides a user-friendly interface for customers to access various banking services and manage their accounts seamlessly.

Network and Reach

The Bank of India has an extensive network and reach, both domestically and internationally:

Domestic Presence:

  1. Number of Branches: The bank has over 5,000 branches spread across India, ensuring easy accessibility for customers.
  2. ATM Network: With more than 7,000 ATMs, the Bank of India provides convenient cash withdrawal and other banking services to its customers.

International Presence:

  1. Overseas Branches: The Bank of India has overseas branches in several countries, including the United States, United Kingdom, and Singapore, catering to the banking needs of NRIs and international customers.
  2. Correspondent Banks: The bank has established relationships with correspondent banks worldwide to facilitate international transactions and provide global banking services.

Financial Performance

Let’s take a look at the Bank of India’s financial performance:

Key Financial Indicators:

  1. Total Assets: As of March 2023, the Bank of India had total assets worth Rs. 7.5 trillion, reflecting its strong financial position.
  2. Net Profit: The bank reported a net profit of Rs. 5,000 crore for the financial year 2022-23, demonstrating its profitability and resilience.
  3. Capital Adequacy Ratio: The Bank of India maintains a healthy capital adequacy ratio of 14.5%, well above the regulatory requirement, indicating its financial stability.

Recent Financial Results:

The Bank of India has consistently delivered strong financial results in recent years. In the financial year 2022-23, the bank witnessed a 15% growth in its net profit compared to the previous year. The bank’s focus on asset quality and effective risk management has contributed to its improved financial performance.

CSR and Sustainability Initiatives

The Bank of India is committed to corporate social responsibility (CSR) and sustainability. Here are some of its key initiatives:

Financial Inclusion:

The bank actively promotes financial inclusion by providing banking services to underserved and unbanked segments of society. It has set up branches in rural areas and offers basic savings accounts and micro-credit facilities to promote financial literacy and empowerment.

Environmental Sustainability:

The Bank of India has implemented various measures to reduce its environmental footprint. It has adopted paperless banking, promotes the use of renewable energy in its branches, and supports green projects through its lending activities.

Social Welfare Programs:

The bank actively participates in social welfare programs, such as supporting education for underprivileged children, providing healthcare facilities in rural areas, and contributing to disaster relief efforts.

Awards and Recognition

The Bank of India has received numerous awards and recognition for its performance and initiatives. Some notable awards include:

  • Best Public Sector Bank Award by the Indian Banks’ Association
  • Best Bank for Financial Inclusion by the Financial Express
  • Best Corporate Social Responsibility Practices Award by the World CSR Congress

Future Outlook

The Bank of India has a promising future outlook, focusing on digital transformation and expansion:

Digital Transformation:

The bank is actively investing in digital technologies to enhance customer experience and streamline its operations. It aims to leverage artificial intelligence, machine learning, and data analytics to provide personalized banking services and improve operational efficiency.

Expansion Plans: The Bank of India plans to expand its presence both domestically and internationally. It aims to open new branches in key locations and strengthen its international network to cater to the growing needs of its customers.


The Bank of India is a leading public sector bank that has played a significant role in the Indian banking sector for over a century. With its wide range of products and services, extensive network, strong financial performance, and commitment to CSR and sustainability, the Bank of India is well-positioned to continue its growth trajectory. As the bank embraces digital transformation and expansion, it is poised to provide enhanced banking experiences to its customers and contribute to the nation’s economic development.


  1. How can I open a savings account with the Bank of India? You can visit your nearest Bank of India branch or apply online through the bank’s website to open a savings account. You will need to provide necessary documents, such as identity proof and address proof, and complete the account opening formalities.
  2. What are the different types of loans offered by the Bank of India? The Bank of India offers various types of loans, including personal loans, home loans, car loans, education loans, and business loans. Each loan type has specific eligibility criteria and features tailored to meet different customer needs.
  3. How can I access my Bank of India account online? To access your Bank of India account online, you need to register for internet banking on the bank’s website. Once registered, you can log in using your user ID and password to access your account, view statements, transfer funds, and perform other banking transactions.
  4. What is the Bank of India’s customer care number? The Bank of India’s customer care number is 1800 103 1906 or 1800 220 229. You can call these numbers for any queries, complaints, or assistance related to your banking needs.
  5. Does the Bank of India offer mobile banking services? Yes, the Bank of India offers mobile banking services through its BOI Mobile app. The app allows customers to perform various banking transactions, such as checking account balances, transferring funds, paying bills, and locating nearby branches and ATMs, using their smartphones.

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