IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - KANKIPADU (AP) - KANKIPADU (AP) - KANKIPADU

BANK OF INDIA RTGS HO Branch in KANKIPADU (AP) - Address, IFSC, MICR Code


IFSC Code

BKID0005693

MICR Code

520013005

Branch

KANKIPADU

Contact

8662821888

Address

D.NO. 13-28 GANNAVARAM ROADKANKIPADU ANDHRA PRADESH

City

KANKIPADU (AP)

District

KANKIPADU (AP)

State

ANDHRA PRADESH





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

BKID0005693

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.