IFSC Code, MICR Codes for BANK OF INDIA in GOA - MARGAO - MARGAO - MARGAO

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


IFSC Code

BKID0001006

MICR Code

403013010

Branch

MARGAO

Contact

8322715395

Address

RUA JOSE INACIO LOYLANEW MARKET POST BOX NO. 272

City

MARGAO

District

MARGAO

State

GOA





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

BKID0001006

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.