Code has eleven characters "Alpha Numeric" in nature. 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. Bank Of India IFSC Code : The facilities let you transfer money from one bank account to another in a matter of hours by just filling in the beneficiary's bank details and the IFSC Code . Use Bank Of India (BOI) branch locator to locate any Bank Of India branch or search by IFSC code . View list of all Bank Of India branches in India with IFSC , MICR, Branch Code , Phone Number, Toll Free Number, Email Id and Address.