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

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


IFSC Code

BKID0006391

MICR Code

144013208

Branch

PHAGWARA SME

Contact

1824260463

Address

G. T. ROAD PHAGWARADISTT KAPURTHALA

City

PHAGWARA

District

PHAGWARA

State

PUNJAB





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

BKID0006391

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.