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

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


IFSC Code

BKID0008675

MICR Code

533013004

Branch

MADHURANAGAR

Contact

8842376164

Address

D. NO. 65-1-20/4 RAJ TOWERSKARANAMGARI JUNCTION

City

KAKINADA

District

KAKINADA

State

ANDHRA PRADESH





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

BKID0008675

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.