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Bank of India IFSC Code BKID0MG1416

HomeIFSC CodesBank of IndiaBKID0MG1416

Bank of India – SHAMGARH

IFSC Code: BKID0MG1416

MICR Code: 458653512

Branch: SHAMGARH

Bank: Bank of India

Address: JAWAHAR ROAD,SHAMGARH,

District: MANDSAUR

State: MADHYA PRADESH

Contact: +918226010351

Indian Financial System Code (IFSC): BKID0MG1416

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 MG1416. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 458653512

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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