IFSC Code, MICR Codes for BANK OF INDIA in ANDHRA PRADESH - VISHAKAPATNAM - VISHAKAPATNAM - MVP COLONY

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


IFSC Code

BKID0005603

MICR Code

530013008

Branch

MVP COLONY

Contact

8912712211

Address

DOOR NO. 1-56-23PLOT NO. 219 VISAKHAPATNAM

City

VISHAKAPATNAM

District

VISHAKAPATNAM

State

ANDHRA PRADESH





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

BKID0005603

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.