IFSC Code, MICR Codes for BANK OF INDIA in ODISHA - PARADEEP - PARADEEP - PARADEEP

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


IFSC Code

BKID0005103

MICR Code

754013002

Branch

PARADEEP

Contact

6722223414

Address

467 CORE SECTORPARADEEP PORT

City

PARADEEP

District

PARADEEP

State

ODISHA





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

BKID0005103

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.