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

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


IFSC Code

BKID0001007

MICR Code

403013002

Branch

PANAJI

Contact

8322421243

Address

RUA DE ORMUZPOST BOX NO. 167

City

PANAJI

District

PANAJI

State

GOA





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

BKID0001007

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.