IFSC Code, MICR Codes for CORPORATION BANK in MADHYA PRADESH - INDORE - INDORE - INDORE NEW PALASIA

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


IFSC Code

CORP0000645

MICR Code

452017003

Branch

INDORE NEW PALASIA

Contact

2548321

Address

14/1 NEW PALASIA KANIKA INDORE 452001

City

INDORE

District

INDORE

State

MADHYA PRADESH





What is IFSC Code of CORPORATION BANK situated at INDORE NEW PALASIA- RTGS-HO?
IFSC Code of CORPORATION BANK situated at INDORE NEW PALASIA - RTGS-HO is

CORP0000645

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.