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

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


IFSC Code

BKID0005643

MICR Code

520013402

Branch

MACHILIPATNAM

Contact

0

Address

SRI BUILDING 11/305 TO 308 SIVALAYAM STREET11 TH WARD CHAMMANGIRIPET MACHILIPATNAM AP

City

MACHILIPATNAM

District

MACHILIPATNAM

State

ANDHRA PRADESH





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

BKID0005643

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.