Latest details of Ifsc: Bkid0008647
BANK OF INDIA
Branch name : PALAKOL
Contact Information
Address: 19 1 15 1ST FLOORMAIN ROAD PALAKOL
Contact number: 8814229563
Bank Details
IFSC Code: BKID0008647
City: PALAKOL DIST WEST GODAVARI
District: PALAKOL DIST WEST GODAVARI
State: ANDHRA PRADESH
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.
