IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - CHANDERAI (TAL.& DIST RATNAGIRI) - CHANDERAI (TAL.& DIST RATNAGIRI) - CHANDERAI

BANK OF INDIA RTGS HO Branch in CHANDERAI (TAL.& DIST RATNAGIRI) - Address, IFSC, MICR Code


IFSC Code

BKID0001432

MICR Code

415013536

Branch

CHANDERAI

Contact

2352245235

Address

AT CHANDERAI POST IBRAHIM-PATTANTALUKA & DIST. RATNAGIRI

City

CHANDERAI (TAL.& DIST RATNAGIRI)

District

CHANDERAI (TAL.& DIST RATNAGIRI)

State

MAHARASHTRA





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

BKID0001432

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.