IFSC Code, MICR Codes for BANK OF INDIA in MADHYA PRADESH - SAGAR - SAGAR - COLLECTORATE SAGAR

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


IFSC Code

BKID0009424

MICR Code

470013002

Branch

COLLECTORATE SAGAR

Contact

7582222576

Address

COLLECTORATE COMPLEX 10 CIVIL LINESSAGAR MP

City

SAGAR

District

SAGAR

State

MADHYA PRADESH





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

BKID0009424

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.