IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - MACHERLA (GUNTUR DISTT) - MACHERLA (GUNTUR DISTT) - MACHERLA

BANK OF INDIA RTGS HO Branch in MACHERLA (GUNTUR DISTT) - Address, IFSC, MICR Code


IFSC Code

BKID0005616

MICR Code

522013702

Branch

MACHERLA

Contact

0

Address

D.N. 11-3-335 MAIN ROAD29TH WARD MACHERLA GUNTUR DISTT

City

MACHERLA (GUNTUR DISTT)

District

MACHERLA (GUNTUR DISTT)

State

ANDHRA PRADESH





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

BKID0005616

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.