IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - BIDAR - BIDAR - BIDAR

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


IFSC Code

BKID0008488

MICR Code

585013102

Branch

BIDAR

Contact

8482220195

Address

SIVAKALA COMPLEX OPP AKKAMAHADEVIWOMENS COLLEGE UDGIR ROAD BIDAR -585401

City

BIDAR

District

BIDAR

State

KARNATAKA





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

BKID0008488

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.