IFSC Code, MICR Codes for BANK OF INDIA in PUNJAB - LUDHIANA - LUDHIANA - RAEKOT

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


IFSC Code

BKID0006520

MICR Code

141013202

Branch

RAEKOT

Contact

1624264378

Address

RAEKOTDISTRICT LUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

BKID0006520

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.