Bank Of India branches in Khandwa: Get the list of Bank Of India MICR codes in Khandwa which are made available by Branch. Khandwa MICR code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. Khandwa MICR code has 9 digits first three digits are Khandwa City Code, second three digits are Khandwa bank code and last three are Khandwa branch code.