IFSC Code, MICR Codes for BANK OF INDIA in JHARKHAND - JAMSHEDPUR - JAMSHEDPUR - SAKCHI

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


IFSC Code

BKID0004504

MICR Code

831013003

Branch

SAKCHI

Contact

6572231485

Address

SAKCHI NEW PLANNING AREASAKCHI JAMSHEDPUR DIST EAST SINGHBHUM

City

JAMSHEDPUR

District

JAMSHEDPUR

State

JHARKHAND





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

BKID0004504

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.