Bank of India Mpgb Niwadi Mandi (BOI)
Mpgb Niwadi Mandi · Niwari, Madhya Pradesh
472653049 is the MICR code for the Mpgb Niwadi Mandi 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 BKID0MG2545.
Bank
Bank of India
Branch & Address
Mpgb Niwadi Mandi
Niwadi Mandi Jhanshi Mauranipur Road Niwari Tigela District Niwari 472442
Niwari, Niwari, Madhya Pradesh
Contact
+918871709680MICR Code Structure
472
City
653
Bank
049
Branch
City code 472 identifies the RBI clearing centre, bank code 653 identifies Bank of India, and branch code 049 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 (BKID0MG2545) 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 472653049 is in the middle, and your account number is on the right.