IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - MUMBAI - MUMBAI - D.N. ROAD

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


IFSC Code

BKID0000017

MICR Code

400013021

Branch

D.N. ROAD

Contact

22614878

Address

SADHANA RAYON HOUSED. N. ROAD

City

MUMBAI

District

MUMBAI

State

MAHARASHTRA





What is IFSC Code of BANK OF INDIA situated at D.N. ROAD- RTGS-HO?
IFSC Code of BANK OF INDIA situated at D.N. ROAD - RTGS-HO is

BKID0000017

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.