IFSC Code, MICR Codes for CORPORATION BANK in KARNATAKA - BELGAUM - CHIKODI - SAUNDALGA

CORPORATION BANK RTGS HO Branch in CHIKODI - Address, IFSC, MICR Code


IFSC Code

CORP0001561

MICR Code

591017526

Branch

SAUNDALGA

Contact

263328

Address

H NO 129 NARASIMHA GALLI AT & POST SAUNDALGA-591241

City

CHIKODI

District

BELGAUM

State

KARNATAKA





What is IFSC Code of CORPORATION BANK situated at SAUNDALGA- RTGS-HO?
IFSC Code of CORPORATION BANK situated at SAUNDALGA - RTGS-HO is

CORP0001561

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.