IFSC Code, MICR Codes for BANK OF INDIA in MADHYA PRADESH - INDORE - INDORE - PALASIA

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


IFSC Code

BKID0008801

MICR Code

452013013

Branch

PALASIA

Contact

7312434638

Address

575/1 MAHATMA GANDHI ROAD INDORE

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

BKID0008801

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.