Bank of India POYNAD

Bank of India – POYNAD

IFSC Code: BKID0001255

MICR Code: 402013530

Branch: POYNAD

Bank: Bank of India

Address: HOUSE NO. 132, POYNAD BAZARPETH, TAL. ALIBAG,TAL. ALIBAG, DIST RAIGAD

District: RAIGAD

State: MAHARASHTRA

Contact: +912141252166

Indian Financial System Code (IFSC): BKID0001255

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 001255. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 402013530

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.