IFSC Code, MICR Codes for BANK OF INDIA in GOA - SANQUELIM (GOA) - SANQUELIM (GOA) - SANQUELIM

BANK OF INDIA RTGS HO Branch in SANQUELIM (GOA) - Address, IFSC, MICR Code


IFSC Code

BKID0001023

MICR Code

403013022

Branch

SANQUELIM

Contact

8322981813

Address

SANQUELIMGOA - 403 505.

City

SANQUELIM (GOA)

District

SANQUELIM (GOA)

State

GOA





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

BKID0001023

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.