Latest details of Ifsc: Bkid0004545
BANK OF INDIA
Branch name : OTAR
Contact Information
Address: AT PO OTARVIA CHAKRADHARPUR DIST WEST SINGHBHUM
Contact number: 9234368764
Bank Details
IFSC Code: BKID0004545
City: OTAR DIST WEST SINGHBHUM
District: OTAR DIST WEST SINGHBHUM
State: JHARKHAND
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.
