Bank of India BHAMBED IFSC Code, MICR Code - Ratnagiri, Maharashtra

Bank of India BHAMBED Branch IFSC Code, MICR Code (Ratnagiri, Maharashtra). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code of Bank of India BHAMBED - Ratnagiri, Maharashtra

IFSC Code:BKID0001487
MICR Code:416013583
Branch Code:001487 (Last six characters of IFSC Code represent Branch code)
Address:BANK OF INDIA BHAMBED BRANCH H.NO.1235,A/P BHAMBED,TALUKA LANJA, DIST. RATNAGIRI
Branch:BHAMBED
City:LANJA (DIST RATNAGIRI)
District:Ratnagiri
State:Maharashtra
Contact No.:

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Bank of India IFSC Code is BKID0001487, MICR Code is 416013583, Branch Code is 001487 which is last six characters of IFSC Code, Branch name is BHAMBED located in BANK OF INDIA BHAMBED BRANCH H.NO.1235,A/P BHAMBED,TALUKA LANJA, DIST. RATNAGIRI, LANJA (DIST RATNAGIRI), Ratnagiri, Maharashtra, Contact no. is (No. not provided). IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other Bank of India Branches at Ratnagiri, Maharashtra

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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.