IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - GUNTUR - GUNTUR - LAKSHMIPURAM

BANK OF INDIA RTGS HO Branch in GUNTUR - Address, IFSC, MICR Code


IFSC Code

BKID0005615

MICR Code

520013105

Branch

LAKSHMIPURAM

Contact

8632212642

Address

5-87-70/7/A SAI PLAZA1ST LANE CHANDRAMOULI NAGAR

City

GUNTUR

District

GUNTUR

State

ANDHRA PRADESH





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

BKID0005615

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.