IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - BEED (MAHARASHTRA) - BEED (MAHARASHTRA) - TELGAON

BANK OF INDIA RTGS HO Branch in BEED (MAHARASHTRA) - Address, IFSC, MICR Code


IFSC Code

BKID0000762

MICR Code

431013507

Branch

TELGAON

Contact

9623765542

Address

BEED PARALI ROAD TELGAON AT AND POST TELGAOTALUKA-DHARUR DIST-BEED

City

BEED (MAHARASHTRA)

District

BEED (MAHARASHTRA)

State

MAHARASHTRA





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

BKID0000762

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.