IFSC Code, MICR Codes for CORPORATION BANK in KARNATAKA - BIDAR - BASAVAKALYAN - BASAVAKALYAN

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


IFSC Code

CORP0001693

MICR Code

585017602

Branch

BASAVAKALYAN

Contact

9480240028

Address

H.NO.22/A KHB COLONYSHIVAJI CHOWK MAIN ROADBASAVAKALYANBIDAR 585327 KARNATAKA

City

BASAVAKALYAN

District

BIDAR

State

KARNATAKA





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

CORP0001693

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.