All BANK OF INDIA branch details having IFSC Code in MADHYA PRADESH state
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You can select district from below list and locate branches of BANK OF INDIA in MADHYA PRADESH
- AGAR MALWA
- ALIRAJPUR
- ANUPPUR
- ASHOKNAGAR
- BALAGHAT
- BARWANI
- BETUL
- BHIND
- BHOPAL
- BURHANPUR
- CHHATARPUR
- CHHINDWARA
- DAMOH
- DATIA
- DEWAS
- DHAR
- DINDORI
- GUNA
- GWALIOR
- HARDA
- HOSHANGABAD
- INDORE
- JABALPUR
- JHABUA
- KATNI
- KHANDWA
- KHARGONE
- MANDLA
- MANDSAUR
- MORENA
- NAGDA
- NARSINGHPUR
- NEEMUCH
- PANNA
- RAISEN
- RAJGARH
- RATLAM
- REWA
- SAGAR
- SATNA
- SEHORE
- SEONI
- SHAHDOL
- SHAJAPUR
- SHEOPUR
- SHIVPURI
- TIKAMGARH
- UJJAIN
- UMARIA
- VIDISHA
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What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code used in banking for secure and automated cheque processing under the Electronic Clearing System (ECS).
🔹 Structure of a MICR Code:
- First 3 digits – Represent the city code (aligned with PIN codes).
- Middle 3 digits – Represent the bank code.
- Last 3 digits – Represent the specific branch code.
🔹 Where Can You Find a MICR Code?
- Printed at the bottom of cheque leaves.
- Available on the first page of your passbook.
🔹 Why is MICR Important?
- Speeds up cheque clearance using MICR-enabled scanners.
- Reduces errors in processing and ensures quick verification.
- Used for ECS transactions, salary processing, and automatic bill payments.
✅ 2025 Update: Many banks are shifting to digital cheque clearing (DCC), reducing reliance on MICR for faster settlement cycles.
