Latest details of Ifsc: Bkid0001111
BANK OF INDIA
Branch name : BASARIKATTI
Contact Information
Address: AT BASARIKATTI DESAI GATETALUKA DIST BELGAUM
Contact number: 8312562259
Bank Details
IFSC Code: BKID0001111
City: BASARIKATTI DIST BELGAUM
District: BASARIKATTI DIST BELGAUM
State: KARNATAKA
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
