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

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


IFSC Code

BKID0001019

MICR Code

403013017

Branch

PONDA

Contact

8322319540

Address

NETALKAR BLDG. KAZIWADAP. B. NO. 13

City

PANJIM

District

PANJIM

State

GOA





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

BKID0001019

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.