Bank of India Rayachoty (BOI)
Rayachoty · Annamayya, Andhra Pradesh
516013006 is the MICR code for the Rayachoty branch of Bank of India, located in Annamayya, 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 BKID0001162.
Bank
Bank of India
Branch & Address
Rayachoty
Krishnapuram Revenue Ward 38 Rayachoty
Annamayya, Rayachoty, Andhra Pradesh
Contact
+918143244983MICR Code Structure
516
City
013
Bank
006
Branch
City code 516 identifies the RBI clearing centre, bank code 013 identifies Bank of India, and branch code 006 identifies this specific branch.
Online Payment Methods Supported
Other Bank of India (BOI) branches near Annamayya
Other banks in Annamayya, 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 (BKID0001162) 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 516013006 is in the middle, and your account number is on the right.