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

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


IFSC Code

BKID0008881

MICR Code

473013503

Branch

KOLARAS

Contact

7494242080

Address

A.B. ROAD KOLARASDIST SHIVPURI

City

KOLARAS (DISTT SHIVPURI MP)

District

KOLARAS (DISTT SHIVPURI MP)

State

MADHYA PRADESH





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

BKID0008881

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.