Bank of India BALAGHAT IFSC Code, MICR Code, Contact No. - Balaghat, Madhya Pradesh

Bank of India BALAGHAT Branch IFSC Code, MICR Code (Balaghat, Madhya Pradesh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Bank of India BALAGHAT - Balaghat, Madhya Pradesh

IFSC Code:BKID0009590
MICR Code:481013001
Branch Code:009590 (Last six characters of IFSC Code represent Branch code)
Address:KISAN COMPLEX, KALI MANDIR ROADGOULI MOHALLA, BALAGHAT
Branch:BALAGHAT
City:BALAGHAT, MP
District:Balaghat
State:Madhya Pradesh
Contact No.:7632-7632240011

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Bank of India IFSC Code is BKID0009590, MICR Code is 481013001, Branch Code is 009590 which is last six characters of IFSC Code, Branch name is BALAGHAT located in KISAN COMPLEX, KALI MANDIR ROADGOULI MOHALLA, BALAGHAT, BALAGHAT, MP, Balaghat, Madhya Pradesh, Contact no. is 7632-7632240011. 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.