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

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


IFSC Code

BKID0008247

MICR Code

625013022

Branch

PALANI

Contact

4545242489

Address

NO. 211 NEW DHARAPURAM ROAD PALANI - 624602DINDIGUL DIST

City

PALANI

District

PALANI

State

TAMIL NADU





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

BKID0008247

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.