IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - KOTOLI (KOLHAPUR) - KOTOLI (KOLHAPUR) - KOTOLI

BANK OF INDIA RTGS HO Branch in KOTOLI (KOLHAPUR) - Address, IFSC, MICR Code


IFSC Code

BKID0000948

MICR Code

416013576

Branch

KOTOLI

Contact

2328254123

Address

GAT NO.827 A/P KOTOLI TAL-PANHALA DIST KOL

City

KOTOLI (KOLHAPUR)

District

KOTOLI (KOLHAPUR)

State

MAHARASHTRA





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

BKID0000948

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.