IFSC Code, MICR Codes for BANK OF INDIA in PUNJAB - MOHALI - MOHALI - MOHALI C & P BANKING

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


IFSC Code

BKID0006530

MICR Code

160013005

Branch

MOHALI C & P BANKING

Contact

1722230950

Address

SCF 49 PHASE IX S.A.S. NAGAR MOHALI

City

MOHALI

District

MOHALI

State

PUNJAB





What is IFSC Code of BANK OF INDIA situated at MOHALI C & P BANKING- RTGS-HO?
IFSC Code of BANK OF INDIA situated at MOHALI C & P BANKING - RTGS-HO is

BKID0006530

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.