IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - BHANDARA - BHANDARA - SAKOLI

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


IFSC Code

BKID0009227

MICR Code

441013523

Branch

SAKOLI

Contact

7186237444

Address

NURSERY COLONY NEAR BUS-STAND N.H.6 SAKOLI

City

BHANDARA

District

BHANDARA

State

MAHARASHTRA





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

BKID0009227

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.