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

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


IFSC Code

BKID0008620

MICR Code

520013102

Branch

GUNTUR

Contact

8632221539

Address

GUNTUR DOOR NO.5-25-521MAIN ROADKOTHAPETAGUNTUR

City

GUNTUR

District

GUNTUR

State

ANDHRA PRADESH





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

BKID0008620

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.