IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - PALAKOL (DIST. WEST GODAVARI) - PALAKOL (DIST. WEST GODAVARI) - PALAKOL

BANK OF INDIA RTGS HO Branch in PALAKOL (DIST. WEST GODAVARI) - Address, IFSC, MICR Code


IFSC Code

BKID0008647

MICR Code

534013302

Branch

PALAKOL

Contact

8814229563

Address

19-1-15 1ST FLOORMAIN ROAD PALAKOL

City

PALAKOL (DIST. WEST GODAVARI)

District

PALAKOL (DIST. WEST GODAVARI)

State

ANDHRA PRADESH





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

BKID0008647

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.