IFSC Code, MICR Codes for BANK OF INDIA in PUNJAB - PATIALA - PATIALA - PATIALA RETAIL HUB

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


IFSC Code

BKID0006554

MICR Code

147013005

Branch

PATIALA RETAIL HUB

Contact

1752223591

Address

SCO - 6 CHOTI BARANDARITHE MALL PATIALA

City

PATIALA

District

PATIALA

State

PUNJAB





What is IFSC Code of BANK OF INDIA situated at PATIALA RETAIL HUB- RTGS-HO?
IFSC Code of BANK OF INDIA situated at PATIALA RETAIL HUB - RTGS-HO is

BKID0006554

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.