IFSC Code, MICR Codes for BANK OF INDIA in GUJARAT - VELAVADAR (DIST BHAVNAGAR) - VELAVADAR (DIST BHAVNAGAR) - VELAVADAR

BANK OF INDIA RTGS HO Branch in VELAVADAR (DIST BHAVNAGAR) - Address, IFSC, MICR Code


IFSC Code

BKID0003203

MICR Code

364013501

Branch

VELAVADAR

Contact

2782920190

Address

AT & POST VELAVADAR (BHAL)VIA RATANPUR (GAYAKWADI)DIST BHAVNAGAR

City

VELAVADAR (DIST BHAVNAGAR)

District

VELAVADAR (DIST BHAVNAGAR)

State

GUJARAT





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

BKID0003203

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.