IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - BELGAUM - BELGAUM - MARKET YARD (BELGAUM)

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


IFSC Code

BKID0001110

MICR Code

590013003

Branch

MARKET YARD (BELGAUM)

Contact

8312407009

Address

PLOT E-1 APMC MARKET YARDNEHRU NAGAR

City

BELGAUM

District

BELGAUM

State

KARNATAKA





What is IFSC Code of BANK OF INDIA situated at MARKET YARD (BELGAUM)- RTGS-HO?
IFSC Code of BANK OF INDIA situated at MARKET YARD (BELGAUM) - RTGS-HO is

BKID0001110

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.