IFSC Code, MICR Codes for BANK OF INDIA in TAMIL NADU - MADURAI - MADURAI - MILAKARANAI

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


IFSC Code

BKID0008351

MICR Code

625013007

Branch

MILAKARANAI

Contact

4522661727

Address

TAMIL NADU FOOD GRAINS MARKET YARD LTDNR. SIKKANDAR CHAVADI ALANGANALLUR ROAD AAN

City

MADURAI

District

MADURAI

State

TAMIL NADU





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

BKID0008351

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.