Bank of India, PHAGWARA SME, PHAGWARA Branch IFSC Code
The IFSC code BKID0006391 is assigned to Bank of India, PHAGWARA SME located in PHAGWARA, PUNJAB. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.
Bank Details
| Bank Name | Bank of India | |
| IFSC Code | BKID0006391 | |
| MICR Code | 144013208 | |
| Branch Code | 006391 | |
| Branch | PHAGWARA SME | |
| City | PHAGWARA | |
| District | PHAGWARA | |
| State | PUNJAB | |
| Address | G T ROAD PHAGWARADISTT KAPURTHALA | Maps |
| Contact | +911824260463 |
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Understanding IFSC and MICR Codes
What is IFSC Code?
IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.
What is MICR Code?
MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.
When to Use These Codes?
- NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
- RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
- IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
- Cheque Processing: MICR code is printed on cheques for automated clearing
Frequently Asked Questions
IFSC Code BKID0006391 is the Indian Financial System Code assigned to Bank of India, PHAGWARA SME branch in PHAGWARA, PUNJAB. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.
This branch is located in PHAGWARA, PHAGWARA, PUNJAB. The full address is: G T ROAD PHAGWARADISTT KAPURTHALA
The branch code is 006391. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Bank of India.
This branch supports the following electronic fund transfer services:
- NEFT - Available
- RTGS - Available
- IMPS - Available
- UPI - Available
The MICR (Magnetic Ink Character Recognition) code for this branch is 144013208. MICR code is a 9-digit code used for processing cheques and is printed on cheque leaves.
To use this IFSC code for fund transfers:
- Log in to your bank's internet banking or mobile app
- Navigate to fund transfer section (NEFT/RTGS/IMPS)
- Enter the beneficiary's account number
- Enter IFSC Code: BKID0006391
- Verify the bank and branch details auto-populated
- Complete the transfer