Latest details of Ifsc: Bkid0005609
BANK OF INDIA
Branch name : MAJHIPALI
Contact Information
Address: BANK OF INDIA MAJHIPALI BRANCH AT DEBEIPALI PO SASON DIST SAMBALPUR ODISHA 756200
Contact number: 8895921230
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.
