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

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


IFSC Code

BKID0006594

MICR Code

NA

Branch

RAHON ROAD

Contact

0

Address

BANK OF INDIARAHON ROAD BRANCH1251 BY 1NEAR BSNL EXCHANGERAHON ROADLUDHIANAPUNJAB 141007

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

BKID0006594

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.