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

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


IFSC Code

BKID0008607

MICR Code

500013013

Branch

SULTAN BAZAR

Contact

4024756896

Address

D NO.4-3-161 539 &540 GROUND FLOORHANUMAN TEKDI SULTAN BAZAR

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





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

BKID0008607

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.