Bank of India – DIPHU (IFSC Code)
| Bank Name | Bank of India |
| IFSC Code | BKID0005013 |
| MICR Code | 782013002 |
| Branch | DIPHU |
| Address | MAIN ROADWARD NO 1PO DIPHUDIST KARBI ANGLONGASSAM 782460 |
| City | DIPHU |
| District | DIPHU |
| State | ASSAM |
Frequently Asked Questions
What is the IFSC Code of Bank of India DIPHU?
The IFSC code is BKID0005013 for the DIPHU branch of Bank of India.
What is the address of Bank of India DIPHU?
The branch is located at MAIN ROADWARD NO 1PO DIPHUDIST KARBI ANGLONGASSAM 782460, in the city of DIPHU, DIPHU, ASSAM.
In which district does Bank of India DIPHU fall?
This branch is situated in the DIPHU district of Assam.
What is the MICR Code of Bank of India?
The MICR code for this branch is 782013002.
Branch Code vs IFSC Code vs MICR Code: Essential Banking Identifiers Explained
Are you confused about different banking codes? Understanding the unique purposes of branch codes, IFSC codes, and MICR codes is crucial for smooth banking transactions. Let’s break down these essential banking identifiers and their specific functions.
What is a Branch Code?
Branch codes are unique identifiers that distinguish individual bank branches within the same network. These alphanumeric combinations help with:
- Internal bank operations
- Record-keeping systems
- Customer service tracking
- Administrative processes
Understanding IFSC Codes
The Indian Financial System Code (IFSC) is critical for electronic fund transfers in India. This 11-character alphanumeric code:
- Is assigned by the Reserve Bank of India
- Enables NEFT and RTGS transactions
- Ensures accurate routing between banks
- Minimizes transaction errors and delays
The Role of MICR Codes
Magnetic Ink Character Recognition (MICR) technology authenticates banks on documents like cheques. MICR codes:
- Use special magnetic ink printing
- Appear at the bottom of cheques
- Enable automated cheque processing
- Identify the specific bank and branch of origin
Why These Banking Codes Matter
While serving different purposes, these banking identifiers collectively ensure secure, efficient financial transactions. Branch codes facilitate internal operations, IFSC codes enable electronic transfers, and MICR codes authenticate cheque processing—each playing a vital role in modern banking infrastructure.
Understanding these distinctions helps consumers navigate banking systems more effectively and ensures smoother financial operations.