IFSC Code, MICR Codes for BANK OF INDIA in MADHYA PRADESH - BABAI (DISTT HOSHANGABAD MP) - BABAI (DISTT HOSHANGABAD MP) - BABAI

BANK OF INDIA RTGS HO Branch in BABAI (DISTT HOSHANGABAD MP) - Address, IFSC, MICR Code


IFSC Code

BKID0009057

MICR Code

461013507

Branch

BABAI

Contact

7574259053

Address

HOSHANGABAD-PIPARIYA MAIN ROAD SHRI HIT COMPBABAI DISTT HOSHANGABAD

City

BABAI (DISTT HOSHANGABAD MP)

District

BABAI (DISTT HOSHANGABAD MP)

State

MADHYA PRADESH





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

BKID0009057

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.