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

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


IFSC Code

BKID0006412

MICR Code

144013202

Branch

NAKODAR

Contact

1821220082

Address

PHUWARA CHOWKNAKODAR

City

NAKODAR

District

NAKODAR

State

PUNJAB





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

BKID0006412

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.