IFSC Code, MICR Codes for BANK OF INDIA in MADHYA PRADESH - RAO - RAO - RAO(M.P.)

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


IFSC Code

BKID0008811

MICR Code

452013016

Branch

RAO(M.P.)

Contact

2856264285

Address

37 SHRAMIK COLONYBOMBAY-AGRA ROAD INDORE

City

RAO

District

RAO

State

MADHYA PRADESH





What is IFSC Code of BANK OF INDIA situated at RAO(M.P.)- RTGS-HO?
IFSC Code of BANK OF INDIA situated at RAO(M.P.) - RTGS-HO is

BKID0008811

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.