IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - BASMATH - BASMATH - BASMAT

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


IFSC Code

BKID0000772

MICR Code

431013502

Branch

BASMAT

Contact

2454220145

Address

BAHETI BUILDNIG MONDHA ROADAT & PO : BASMATH DISTT HINGOLI

City

BASMATH

District

BASMATH

State

MAHARASHTRA





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

BKID0000772

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.