Bank of India Shivoor Bunglow (BOI)
Shivoor Bunglow · Aurangabad, Maharashtra
431013509 is the MICR code for the Shivoor Bunglow branch of Bank of India, located in Aurangabad, 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 BKID0000686.
Bank
Bank of India
Branch & Address
Shivoor Bunglow
Gat no 745 House no 1560 at Shivoor Bunglowvaijapur Roadpost Shivoortalvaijapur
Aurangabad, Aurangabad, Maharashtra
Contact
+91240932681031MICR Code Structure
431
City
013
Bank
509
Branch
City code 431 identifies the RBI clearing centre, bank code 013 identifies Bank of India, and branch code 509 identifies this specific branch.
Online Payment Methods Supported
Other Bank of India (BOI) branches near Aurangabad
Other banks in Aurangabad, Maharashtra
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 (BKID0000686) 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 431013509 is in the middle, and your account number is on the right.