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

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


IFSC Code

BKID0001054

MICR Code

WAITING

Branch

MARGAO NRI

Contact

2733729

Address

RUA JOSE INACIO LOYOLA NEW MARKET POST BOX NO 272 MARGAO SALCETE GOA 403601

City

MARGAO

District

SOUTH GOA

State

GOA





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

BKID0001054

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.