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Find the BIC / SWIFT code for BANK OF INDIA in India here. Check your bank’s SWIFT code and get all details you need for international money transfer. 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. Actually BKID is Starting digit of IFSC code of Bank of India. The ifsc code for bank of india is starts with BKIDXXXXXXX. Bank of India is established on 7th september,1906 by some businessman and this bank starts from Mumbai. But in July 1969 it will be nationalised by Indian Government. 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.