IFSC Code, MICR Codes for BANK OF INDIA in PUNJAB - DERRA BASSI - DERRA BASSI - DERABASSI

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


IFSC Code

BKID0006572

MICR Code

160013020

Branch

DERABASSI

Contact

1762280288

Address

PARAS BANK SQUARE CHANDIGARH-AMBALA ROADDERABASSI DISTT SAS NAGAR MOHALI

City

DERRA BASSI

District

DERRA BASSI

State

PUNJAB





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

BKID0006572

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.