IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - AMBOLI (DIST SINDHUDURG) - AMBOLI (DIST SINDHUDURG) - AMBOLI

BANK OF INDIA RTGS HO Branch in AMBOLI (DIST SINDHUDURG) - Address, IFSC, MICR Code


IFSC Code

BKID0001416

MICR Code

416013559

Branch

AMBOLI

Contact

2363240230

Address

AT & POST AMBOLITALUKA SAWANTWADIDIST SINDHUDURG

City

AMBOLI (DIST SINDHUDURG)

District

AMBOLI (DIST SINDHUDURG)

State

MAHARASHTRA





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

BKID0001416

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.