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

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


IFSC Code

BKID0001473

MICR Code

416013574

Branch

OTAVANE

Contact

2363244090

Address

SURVEY NO. 60A AT & POST OTAVANETAL- SAWANTWADI

City

OTAVANE

District

OTAVANE

State

MAHARASHTRA





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

BKID0001473

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.