Bank of India IFSC Code BKID0000553

Bank of India – SATARA ROAD

IFSC Code: BKID0000553

MICR Code: 411013048

Branch: SATARA ROAD

Bank: Bank of India

Address: KADAM PLAZA SHRADDHANEKETAN OPP. BHARATIVIDYAPEETH PLOT NO X A1 SURVEY NO 7/1 KAT

District: PUNE

State: MAHARASHTRA

Contact: +912024360050

Indian Financial System Code (IFSC): BKID0000553

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 000553. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 411013048

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.