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

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


IFSC Code

BKID0008420

MICR Code

583013202

Branch

HOSPET

Contact

8394228248

Address

KOTACHERAVU BUILDINGSTATION ROAD

City

HOSPET

District

HOSPET

State

KARNATAKA





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

BKID0008420

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.