IFSC Code, MICR Codes for BANK OF INDIA in ASSAM - BARAMA - BARAMA - BARAMA

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


IFSC Code

BKID0005050

MICR Code

781013504

Branch

BARAMA

Contact

0

Address

NEAR BARAMA POLICE STATIONPO.BARAMADIST-BAKSAASSAM

City

BARAMA

District

BARAMA

State

ASSAM





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

BKID0005050

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.