Bank of India Nizamabad (BOI)
Nizamabad · Nizamabad, Andhra Pradesh
503013002 is the MICR code for the Nizamabad branch of Bank of India, located in Nizamabad, Andhra 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 BKID0008696.
Bank
Bank of India
Branch & Address
Nizamabad
Hno7 4 311 Rukmini Mansion Beside Delhiwala Sweet Home Lane Nizamabad
Nizamabad, Nizamabad, Andhra Pradesh
Contact
+918462220498MICR Code Structure
503
City
013
Bank
002
Branch
City code 503 identifies the RBI clearing centre, bank code 013 identifies Bank of India, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Bank of India (BOI) branches near Nizamabad
Other banks in Nizamabad, Andhra 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 (BKID0008696) 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 503013002 is in the middle, and your account number is on the right.