IFSC Code, MICR Codes for BANK OF INDIA in MADHYA PRADESH - BALAGHAT MP - BALAGHAT MP - BALAGHAT

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


IFSC Code

BKID0009590

MICR Code

481013001

Branch

BALAGHAT

Contact

7632240011

Address

KISAN COMPLEX KALI MANDIR ROADGOULI MOHALLA BALAGHAT

City

BALAGHAT MP

District

BALAGHAT MP

State

MADHYA PRADESH





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

BKID0009590

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.