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

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


IFSC Code

BKID0000912

MICR Code

416013503

Branch

CHANDGAD

Contact

2320224127

Address

C.S.NO. 216 GURUWAR PETHCHANDGAD

City

CHANDGAD

District

CHANDGAD

State

MAHARASHTRA





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

BKID0000912

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.