IFSC Code, MICR Codes for BANK OF INDIA in CHHATTISGARH - RAIPUR - RAIPUR - RAKHI

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


IFSC Code

BKID0009364

MICR Code

492013505

Branch

RAKHI

Contact

0

Address

VILL RAKHI SHOPPING COMPLEX AT POST RAKHI PIN CODE 492 015

City

RAIPUR

District

RAIPUR

State

CHHATTISGARH





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

BKID0009364

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.