Bank of India SARAIPALI IFSC Code, MICR Code - Mahasamund, Chhattisgarh

Bank of India SARAIPALI Branch IFSC Code, MICR Code (Mahasamund, Chhattisgarh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of Bank of India SARAIPALI - Mahasamund, Chhattisgarh

IFSC Code:BKID0009371
MICR Code:493013501
Branch Code:009371 (Last six characters of IFSC Code represent Branch code)
Address:BESIDE GAYATRI SHAKTI PEETH POST SARAIPALI TEHSIL/BLOCK SARAIPALI DISTRICT MAHASAMUND PIN 493558 STATE CHATTISGARH
Branch:SARAIPALI
City:SARAIPALI
District:Mahasamund
State:Chhattisgarh
Contact No.:

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Bank of India IFSC Code is BKID0009371, MICR Code is 493013501, Branch Code is 009371 which is last six characters of IFSC Code, Branch name is SARAIPALI located in BESIDE GAYATRI SHAKTI PEETH POST SARAIPALI TEHSIL/BLOCK SARAIPALI DISTRICT MAHASAMUND PIN 493558 STATE CHATTISGARH, SARAIPALI, Mahasamund, Chhattisgarh, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.