IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - CHODAVARAM (DIST VISAKHAPATNAM) - CHODAVARAM (DIST VISAKHAPATNAM) - CHODAVARAM

BANK OF INDIA RTGS HO Branch in CHODAVARAM (DIST VISAKHAPATNAM) - Address, IFSC, MICR Code


IFSC Code

BKID0005602

MICR Code

530013202

Branch

CHODAVARAM

Contact

8934247677

Address

DOOR NO. 9-133/3NOWDU VEEDHI

City

CHODAVARAM (DIST VISAKHAPATNAM)

District

CHODAVARAM (DIST VISAKHAPATNAM)

State

ANDHRA PRADESH





What is IFSC Code of BANK OF INDIA situated at CHODAVARAM- RTGS-HO?
IFSC Code of BANK OF INDIA situated at CHODAVARAM - RTGS-HO is

BKID0005602

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.