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

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


IFSC Code

BKID0009901

MICR Code

451013201

Branch

SANAWAD

Contact

7280234614

Address

LAXMI NIWASSANAWAD DIST. KHARGONE

City

SANAWAD

District

SANAWAD

State

MADHYA PRADESH





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

BKID0009901

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.