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Bank of India IFSC Code BKID0MG1240

HomeIFSC CodesBank of IndiaBKID0MG1240

Bank of India – SAIKHEDA

IFSC Code: BKID0MG1240

MICR Code: 487653507

Branch: SAIKHEDA

Bank: Bank of India

Address: VPO SAIKHEDA BLOCKSAIKHEDA, TAH. GADARWARA 487661

District: NARSINGHPUR

State: MADHYA PRADESH

Contact: +918226010369

Indian Financial System Code (IFSC): BKID0MG1240

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 MG1240. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 487653507

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.

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