Bank of India PARASWADA

Bank of India – PARASWADA

IFSC Code: BKID0MG1302

MICR Code: 481653517

Branch: PARASWADA

Bank: Bank of India

Address: POSTPARASWADA,TAHSILBAIHER 481556

District: BALAGHAT

State: MADHYA PRADESH

Contact: +918226010154

Indian Financial System Code (IFSC): BKID0MG1302

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 MG1302. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 481653517

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.