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

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


IFSC Code

BKID0005618

MICR Code

523013202

Branch

MARKAPUR

Contact

8596222288

Address

D.NO.7/486-489 NEHRU STREETMARKAPUR PRAKASAM DISTT

City

MARKAPUR (DISTT PRAKASAM AP)

District

MARKAPUR (DISTT PRAKASAM AP)

State

ANDHRA PRADESH





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

BKID0005618

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.