Bank of India Mpgb Madiya (BOI)
Mpgb Madiya · Niwari, Madhya Pradesh
472653040 is the MICR code for the Mpgb Madiya branch of Bank of India, located in Niwari, Madhya Pradesh. 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 BKID0MG2536.
Bank
Bank of India
Branch & Address
Mpgb Madiya
Village Post Madiya Tehprithvipur District Niwari 472336
Niwari, Niwari, Madhya Pradesh
Contact
+917566970344MICR Code Structure
472
City
653
Bank
040
Branch
City code 472 identifies the RBI clearing centre, bank code 653 identifies Bank of India, and branch code 040 identifies this specific branch.
Online Payment Methods Supported
Other Bank of India (BOI) branches near Niwari
Other banks in Niwari, Madhya Pradesh
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 (BKID0MG2536) 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 472653040 is in the middle, and your account number is on the right.