In BOI IFSC Code, the first 4 characters (BKID) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (000001) represent the Bank Of India branch code. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. For Bank of India's 11-digit IFSC code, the first four letters will be 'BKID', and the last 6 digits will represent a specific branch code. BKID - This is the institution / bank code assigned to BANK OF INDIA. IN - This is the 2-letter country code associated with INDIA (IN). BB - This represents the location code, and the second digit/character has a value of "B". This means it's an active code. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch. MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
