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ACHHAD    1 Branches
ANDHERI LCB    1 Branches
ANDHERI WEST    1 Branches
BALLARD ESTATE    1 Branches
BANDRA EAST    1 Branches
BANDRA RECLAMATION    1 Branches
BANGLI NAKA    1 Branches
BELAPUR    1 Branches
BHAKTI PARK    1 Branches
BHANDUP WEST    1 Branches
BHAYANDAR    1 Branches
BHIWANDI    1 Branches
BORIVLI EAST    1 Branches
BORIVLI LINK ROAD    1 Branches
BORIVLI WEST    1 Branches
BREACH CANDY    1 Branches
BULLION EXCHANGE    1 Branches
C.P. TANK    1 Branches
CHAKALA    1 Branches
CHEMBUR    1 Branches
CHURCHGATE    1 Branches
CUMBALLA HILL    1 Branches
D.N. ROAD    1 Branches
DADAR WEST    1 Branches
DAHANU ROAD    1 Branches
DAHISAR    1 Branches
DAHISAR EAST    1 Branches
DANDA KHAR    1 Branches
DOMBIVLI    1 Branches
EDWAN    1 Branches
ELECTRIC HOUSE    1 Branches
FOUNDING BRANCH    1 Branches
GANDHI MARKET    1 Branches
GHATKOPAR EAST    1 Branches
GHATKOPAR WEST    1 Branches
GIRGAUM    1 Branches
GOREGAON EAST    1 Branches
GOREGAON WEST    1 Branches
GRANT ROAD    1 Branches
J J FLYOVER    1 Branches
JACOB CIRCLE    1 Branches
JOGESHWARI EAST    1 Branches
JOGESHWARI WEST    1 Branches
JUCHANDRA    1 Branches
JUHU    1 Branches
KALBADEVI    1 Branches
KALYAN    1 Branches
KALYAN EAST    1 Branches
KANDIVLI    1 Branches
KHAR    1 Branches
KHARGHAR    1 Branches
KHODADAD CIRCLE    1 Branches
KURLA WEST    1 Branches
LALBAUGMUMBAI    1 Branches
LOWER PAREL    1 Branches
MAHALAXMI    1 Branches
MAHAVIR NAGAR    1 Branches
MAHESHWARI UDYAN    1 Branches
MAHIM    1 Branches
MALAD EAST    1 Branches
MALAD WEST    1 Branches
MALAVANI    1 Branches
MANDVI    1 Branches
MARVE ROAD    1 Branches
MAZGAON    1 Branches
MULUND EAST    1 Branches
MULUND WEST    1 Branches
MUMBAI CENTRAL    1 Branches
MUMBAI MAIN    1 Branches
MUMBAI MID CORPORATE    1 Branches
MUMBAI N.R.I.    1 Branches
MUMBAI OVERSEAS    1 Branches
MUMBAI SERVICE    1 Branches
NAGPADA    1 Branches
NAIGAUM CROSS ROAD    1 Branches
NANA CHOWK    1 Branches
NARIMAN POINT    1 Branches
NEPEAN SEA ROAD    1 Branches
NHAWA SHEWA    1 Branches
NULL BAZAR    1 Branches
OPERA HOUSE    1 Branches
PAREL    1 Branches
POWAI    1 Branches
PRARTHANA SAMAJ    1 Branches
RAJAJI PATH    1 Branches
RAMDAS NAYAK MARG    1 Branches
RTGS-HO    1 Branches
SAKI NAKA    1 Branches
SANTACRUZ    1 Branches
SATPATI    1 Branches
SEEPZ    1 Branches
SEWRI WEST BRANCH    1 Branches
SHIVAJIPARK BRANCH    1 Branches
SION    1 Branches
STAR CMS HUB BRNACH    1 Branches
STOCK EXCHANGE    1 Branches
TAMBE NAGAR    1 Branches
TAMTALAO    1 Branches
TARDEO ROAD    1 Branches
TURBHE    1 Branches
TURNER ROAD BANDRA    1 Branches
ULHASNAGAR-5    1 Branches
ULHASNAGAR-MAIN    1 Branches
VASHI    1 Branches
VERSOVA CP BANKING    1 Branches
VIKHROLI PARKSITE    1 Branches
VILE PARLE EAST    1 Branches
VILE PARLE WEST    1 Branches
WADALA EAST    1 Branches
WADALA WEST    1 Branches
WAKADPADA    1 Branches
WALKESHWAR    1 Branches
WORLI NAKA    1 Branches
YARI ROAD    1 Branches

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Rate Date : 15/05/24

We found 136 Branches available for BANK OF INDIA, MAHARASHTRA, MUMBAI

General Information About Bank IFSC & MICR Code


What is an IFSC Code?

IFSC stands for Indian Financial System Code. It's an eleven digits & characters combination unique identifying number. This unique code helps to identify the perticular individual bank branches for smooth online transation such as NEFT, RTGS & IMPS transations. This code is developed by RBI (Reserve Bank of India).


Structure of the IFSC Code

The first four letters of the IFSC Code is bank code, Next one digits is genarally (0) zero & it's reserved for future use & last six digits is an unique identifier no for the particular Financial institution or bank branch.


Example : Breakdown of IFSC Code

A

B

C

D

0

1

2

3

4

5

6

Bank Code

Future Use

Branch Code


What is IFSC code used for?

IFSC Code used for various electronic or online fund transfer such as NEFT, RTGS, IMPS & other online fund transferring etc.


What is MICR Code?

MICR stands for Magnetic Ink Character Recognition technology & this code is developed by RBI (Reserve Bank of India). It's also a nine digits unique identifying number. This unique nine digits MICR code helps to identify the perticular individual bank branches and branch participating in an Electronic Clearing System (ECS).

The MICR code is located on the bottom of a each cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank passbook.


Structure of the MICR Code


Example : Breakdown of MICR Code

1

2

3

4

5

6

7

8

9

City Code

Bank Code

Branch Code


What is MICR code used for?

MICR Code used for various financial transations such as SIP form or for transferring funds.


The given information is as per the guidelines of RBI (Reserve Bank of India)

Payment ServiceNEFTRTGSIMPS
ProcessProcess is based on Deferred Net Settlement (DNS) and the transfer of funds will be carried out in  half-hourly batches starting from 12:30 am to 12:00 amPayment process in which the money is credited in the beneficiary’s bank branch in real-time and on gross basisReal-time and instant interbank fund transfer process, IMPS is considered a secure & faster mode of fund transfer
Minimum Transfer LimitRe.1Rs.2 lakhRe.1
Maximum Transfer LimitNo limitNo limitRs.2 lakh
Operational TimingsAvailable 24x7, 365 days (including bank holidays)7 am to 6 pm on all working daysAvailable 24x7, 365 days (including bank holidays)
Inward Transaction ChargesNo chargesNo chargesDecided by individual member banks and PPIs


FAQ on IFSC & MICR code

Q. Do IFSC codes get changed?
A. Generally no but if the particular bank undergoes any merger or something then only the new IFSC code will be issued by RBI (Reserve Bank of India) & the old one will be deactivated.

Q. How to transfer money using the IFSC code?
A. Using IFSC code transferring funds from one bank to another bank or the same bank different accounts is really a hassle free solution. When you try to transfer funds using online banking such as NEFT, RTGS, IMPS & others method then you need the customer name, bank account no. & the IFSC code.

Q. Is sharing IFSC & MICR code safe?
A. Each Indivitual bank branch's IFSC code & MICR code is matchless and it's essential in India for transferring funds through the online banking. Every bank guarantees the security of the fund transfer & no one may misuse the IFSC code & MICR code for fraud, theft & spaming.

Q. Is IFSC code and branch code is same?
A. No. An IFSC code is an eleven digit alphanumeric unique code issued by RBI(Reserve Bank of India) to identify the each indivitual bank branch. Branch code is a part of of the IFSC code because it's identify a particual bank branch. The last 6 digit of the IFSC code is the branch code & this code is also printed on your first page of your bank passbook.