IFSC Code, MICR Codes for BANK OF INDIA in KARNATAKA - KOTAGAL (DIST.KOLAR) - KOTAGAL (DIST.KOLAR) - KOTAGAL

BANK OF INDIA RTGS HO Branch in KOTAGAL (DIST.KOLAR) - Address, IFSC, MICR Code


IFSC Code

BKID0008455

MICR Code

562013522

Branch

KOTAGAL

Contact

8154259241

Address

MANDAL PANCHAYAT BLDG.KOTAGAL TALUK CHINTAMANIDIST. KOLAR

City

KOTAGAL (DIST.KOLAR)

District

KOTAGAL (DIST.KOLAR)

State

KARNATAKA





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

BKID0008455

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.