IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - BANGALORE - BANGALORE - JNANA JYOTHINAGAR

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


IFSC Code

BKID0008424

MICR Code

560013027

Branch

JNANA JYOTHINAGAR

Contact

8023240169

Address

NO.2 15TH CROSS ULLAL MAIN RDMUNESWARA BADAVANE

City

BANGALORE

District

BANGALORE

State

KARNATAKA





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

BKID0008424

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.