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

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


IFSC Code

BKID0005664

MICR Code

500013045

Branch

SAINIKPURI

Contact

4027118100

Address

PLOT NO 800 H. NO : 218/1 GROUND FLOORDEFENCE COLONY SAINIKPURI MAIN ROAD SECUN

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





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

BKID0005664

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.