IFSC Code, MICR Codes for BANK OF INDIA in KERALA - VARKALA (KE) - VARKALA (KE) - VARKALA

BANK OF INDIA RTGS HO Branch in VARKALA (KE) - Address, IFSC, MICR Code


IFSC Code

BKID0008594

MICR Code

695013252

Branch

VARKALA

Contact

4702604757

Address

PANKAJ PLAZA TEMPLE ROADMAIDHANAM VARKALA

City

VARKALA (KE)

District

VARKALA (KE)

State

KERALA





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

BKID0008594

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.