IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - MHASALA (DIST RAIGAD) - MHASALA (DIST RAIGAD) - MHASALA

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


IFSC Code

BKID0001202

MICR Code

402013515

Branch

MHASALA

Contact

2149232227

Address

PENKAR'S BUILDINGBAZAR PETH MHASALADIST RAIGAD

City

MHASALA (DIST RAIGAD)

District

MHASALA (DIST RAIGAD)

State

MAHARASHTRA





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

BKID0001202

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.