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 (BOI) IFSC Code . Find IFSC Code List, branch address, contact phone number. Bank of India IFSC Code : Get the list of Bank of India IFSC Code , MICR code, Branch details, Address and Phone Number. Find verified Bank of India IFSC codes for various fund transaction methods like NEFT, IMPS and RTGS at The Economic Times.