IFSC Code, MICR Codes for BANK OF INDIA in JHARKHAND - BOKARO - BERMO - BERMO

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


IFSC Code

BKID0005252

MICR Code

827013526

Branch

BERMO

Contact

9031308940

Address

AT PO PHUSRO BAZAR PS BERMO DIST BOKARO JHARKHAND PIN CODE 829144

City

BERMO

District

BOKARO

State

JHARKHAND





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

BKID0005252

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.