IFSC Code, MICR Codes for BANK OF INDIA in PUNJAB - LUDHIANA - LUDHIANA - LUDHIANA ASSET RECOVERY BRANCH

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


IFSC Code

BKID0006508

MICR Code

141013012

Branch

LUDHIANA ASSET RECOVERY BRANCH

Contact

1612750217

Address

GURU TEG BAHADUR MARKET NEAR CLOCK TOWERLUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





What is IFSC Code of BANK OF INDIA situated at LUDHIANA ASSET RECOVERY BRANCH- RTGS-HO?
IFSC Code of BANK OF INDIA situated at LUDHIANA ASSET RECOVERY BRANCH - RTGS-HO is

BKID0006508

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.