Bank of India Pachad (BOI)
Pachad · Pachad Dist Raigad, Maharashtra
402013517 is the MICR code for the Pachad branch of Bank of India, located in Pachad Dist Raigad, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code BKID0001233.
Bank
Bank of India
Branch & Address
Pachad
At Post Pachadtaluka Mahad Dist Raigad
Pachad Dist Raigad, Pachad Dist Raigad, Maharashtra
Contact
+912145274803MICR Code Structure
402
City
013
Bank
517
Branch
City code 402 identifies the RBI clearing centre, bank code 013 identifies Bank of India, and branch code 517 identifies this specific branch.
Online Payment Methods Supported
Other Bank of India (BOI) branches near Pachad Dist Raigad
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (BKID0001233) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 402013517 is in the middle, and your account number is on the right.