Latest details of Ifsc: Bkid0005423
BANK OF INDIA
Branch name : RAVANAPALASPAL
Contact Information
Address: AT PO RAVANAPALASPALVIA BHAGAMUNDADIST KEONJHAR
Contact number: 6733265707
Bank Details
IFSC Code: BKID0005423
City: RAVANAPALASPAL DIST KEONJHAR
District: RAVANAPALASPAL DIST KEONJHAR
State: ODISHA
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.
