Bank of India IFSC Code BKID0MG0218

Bank of India – SANAWAD

IFSC Code: BKID0MG0218

MICR Code: 451653201

Branch: SANAWAD

Bank: Bank of India

Address: VILL POST SANAWAD,

District: KHARGONE

State: MADHYA PRADESH

Contact: +917089903414

Indian Financial System Code (IFSC): BKID0MG0218

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code MG0218. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 451653201

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.