IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - BANGALORE - BANGALORE - AECS LAYOUT

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


IFSC Code

BKID0008434

MICR Code

560013029

Branch

AECS LAYOUT

Contact

8022959433

Address

334 B BLOCK AECS LAYOUTOPP. SIFY HIGH I WAY

City

BANGALORE

District

BANGALORE

State

KARNATAKA





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

BKID0008434

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.