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

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


IFSC Code

BKID0005442

MICR Code

765013002

Branch

RAYAGADA

Contact

6856223105

Address

NEW COLONYPO / DIST:- RAYAGADA

City

RAYAGADA

District

RAYAGADA

State

ODISHA





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

BKID0005442

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.