IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - BASARIKATTI (DIST BELGAUM) - BASARIKATTI (DIST BELGAUM) - BASARIKATTI

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


IFSC Code

BKID0001111

MICR Code

590013506

Branch

BASARIKATTI

Contact

8312562259

Address

AT BASARIKATTI DESAI GATETALUKA & DIST. BELGAUM

City

BASARIKATTI (DIST BELGAUM)

District

BASARIKATTI (DIST BELGAUM)

State

KARNATAKA





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

BKID0001111

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.