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Bank of India Paranda (BOI)

Paranda · Osmanabad, Maharashtra

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413013606

413013606 is the MICR code for the Paranda branch of Bank of India, located in Osmanabad, 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 BKID0000758.

Bank

Bank of India

Branch & Address

Paranda

Patel Complex Main Road Near Paranda Policestation Paranda Tal Paranda Dist Solapur

Osmanabad, Osmanabad, Maharashtra

Contact

+917283233038

Codes for this Branch

MICR (cheques)

413013606

IFSC (online transfers)

BKID0000758

View

MICR Code Structure

413

City

013

Bank

606

Branch

City code 413 identifies the RBI clearing centre, bank code 013 identifies Bank of India, and branch code 606 identifies this specific branch.

Online Payment Methods Supported

NEFT
RTGS
IMPS
UPI

Other Bank of India (BOI) branches near Osmanabad

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 (BKID0000758) 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 413013606 is in the middle, and your account number is on the right.

View full branch details for IFSC BKID0000758