IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - KARMALA (DIST SOLAPUR) - KARMALA (DIST SOLAPUR) - KARMALA

BANK OF INDIA RTGS HO Branch in KARMALA (DIST SOLAPUR) - Address, IFSC, MICR Code


IFSC Code

BKID0000716

MICR Code

413013531

Branch

KARMALA

Contact

2182220592

Address

AT & POST KARMALADISTRICT SOLAPUR

City

KARMALA (DIST SOLAPUR)

District

KARMALA (DIST SOLAPUR)

State

MAHARASHTRA





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

BKID0000716

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.