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Bank Of India IFSC Code and MICR Code:

Bank Of India state wise list of all branches, IFSC code, MICR code and Addresses within India

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Bank Of India IFSC Code

About Bank of India

Bank of India also known as BOI is a commercial bank with headquarters in Maharashtra, Mumbai, India. It has 5000 branches including offices outside India incorporating five subsidiaries, 5 representative offices and one joint venture. These branches are controlled by 50 zonal offices. It was founded on 7 September, 1906 by a group of eminent businessman from Mumbai. Currently, it has overseas presence in 22 foreign countries spread over 5 continents along 60 offices incorporating 5 Subsidiaries, 5 Representative Offices and 1 Joint Venture at key banking and financial centers viz., Tokyo, Singapore, Hong Kong, London, Jersey, Paris and New York


Services Offered by BOI

Ancillary Services: Some of the supplementary services offered by the bank are as follows:
• Depository Services
• Gold Coin (New)
• Insurance (Domestic travel, health, education etc.)
• Mutual Fund
• Remittance
• Safe Custody
• Safe Deposit Locker
• Star Cash Management Service


Cards: Apart from credit or debit cards, it also offers valued visa or master cards to its worldwide customers. The names of some of the cards offered by this Indian bank are given below:
• Bank of India Master Card
• Bank of India VISA Card
• Gift Card
• Platinum Debit Card
• VISA Electron


Deposit Schemes: This bank offers varied types of deposit schemes like savings accounts, current accounts, salary accounts, fixed deposits, term deposits, recurring deposits, double benefit deposits, income certificates (Both quarterly and monthly) and so forth. Some of them are:
• Jai Jawan Salary Plus Accounts
• Star Benefit C. D. Plus Accounts
• Star Diamond Savings Account
• Star Flexi Recurring Deposit Scheme
• Star Power Salary Account
• Star Sunidhi Tax Saving Deposit Scheme
• Star Suraksha S.B. Plus Account


Bank of India Personal Loans

• Star Personal Loan: Under the BOI Personal Loan system the Star Personal Loan Scheme Offers loans to meet various Personal requirements of customers and their family. Bank provides loans for marriage expenses, medical expenses, educational expenses, purchase of consumer durables etc.
• Star Mitra Personal Loan


IFSC Code for BOI

The IFSC code for BOI branches is unique and it can be easily utilized for distinct money transfer systems in India incorporating NEFT, RTGS and IMPS. BOIs IFSC code comprises of 11 characters in which first 6 digits are common whereas last 5 characters are unique and vary from branch to branch. The IFSC code of BOI starts from BKID0*******. Electronic funds transfer makes use of IFSC code for money transfer. All major bank branches now being offer net banking facility to their customers.


How to Search BOI IFSC Code?

Follow the key steps in order to find out BOI IFSC Codes:
• Table alongside provides the Bank of India IFSC code list.
• Use IFSC code finder to find IFSC Code for BOI for NEFT or RTGS or IMPS codes before using them.
• You can find IFSC codes for BOI branches in India.
• Narrow down your search for IFSC Codes either by selecting any particular state from the drop down list or by selecting the state in the table on the right side.
• Search BOI IFSC Codes!


About MICR Code

MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.


How to Search BOI MICR code?

• First select your bank.
• Select the State
• Now select your district
• Finally select the branch of your bank to find MICR Code.
• If you need to change any search list term, please use Up Arrow Icons.

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Bank Of India IFSC Code News:

BOI reports first quarter loss of Rs. 741 crore

Bank of India has reported net loss of Rs. 741 crore in the first financial quarter which ended on 30th June, 2016 whereas the bank made a profit of Rs.130 crore last year in the corresponding quarter.The bank has pruned its net loss in sequential basis. Bank of India has reported net loss of amount Rs. 3,587 crore during the 4th quarter of the prior fiscal.

Melwyn Rego, Chief Executive & Managing Director of BOI stated, there could be challenges regarding few asset quality during the remaining fiscal quarters, though on a lower scale. The bank representatives are also positive about the enhancement of banks operations to excel in FY17. The banks NII (Net Interest Income) also came down to Rs. 2,775 during Q1 in comparison to Rs. 2,913 crore, last year. Gross NPAs rate equaled 13.38% in comparison to 6.8 per cent as on 30th June, 2015 & 13.07 per cent as on 31st March, 2016. 7.78 per cent is ratio of Net non-performing assets in the quarter in comparison to 4.11 per cent as on fourth quarter of FY16 & 7.79 per cent in first quarter in FY16. The banks restructured assets amounted to Rs. 11,496 crore dated 30th June, 2016. Whereas stressed assets (NPAs + Restructured loans + Written off assets) was 16.35 per cent of the total advances. Provisions & Contingent liabilities , removing tax liability offered by the bank amounted to Rs. 2,770 crore during Q1FY17. Provisions against NPAs + Restructured loans + Written off assets amounted to Rs. 2,453 crore during Q1FY17. The PC ratio equaled 53.06 per cent as on 30th June, 2016.

2016/08/15 09:25 PM

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