BANK OF INDIA, NIWAS BRANCH IFSC CODE, MADHYA PRADESH

IFSC Code BKID0MG1354
Bank BANK OF INDIA
Address POSTNIWAS, TAHSILNIWAS 481885
District MANDLA
State MADHYA PRADESH
Branch NIWAS
Phone Number + 91 226010197

Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI).


Code has eleven characters "Alpha Numeric" in nature.


First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.


Here in this IFSC code BKID0MG1354 where bank char is BKID and branch is MG1354.


MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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