IFSC Code, MICR Codes for BANK OF INDIA in MAHARASHTRA - WAFGAON (DIST PUNE) - WAFGAON (DIST PUNE) - VAFGAON

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


IFSC Code

BKID0000616

MICR Code

410013501

Branch

VAFGAON

Contact

2135285235

Address

AT & POST WAFGAONTAL. KHED DIST PUNE

City

WAFGAON (DIST PUNE)

District

WAFGAON (DIST PUNE)

State

MAHARASHTRA





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

BKID0000616

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.