BKID0MG1302 IFSC Code, BANK OF INDIA, PARASWADA

IFSC Code of Bank Of India, Paraswada, Madhya Pradesh IFSC CODE & MICR CODE

BANK OF INDIA, PARASWADA - BKID0MG1302

  • Bank name: BANK OF INDIA

Bank Address: Postparaswada,tahsilbaiher 481556

  • IFSC Code bkid0mg1302
  • Bank Code BKID
  • Bank name BANK OF INDIA
  • Bank contact number +918226010154
  • Bank branch PARASWADA
  • Bank ISO3166 Code IN-MP
  • Bank Center BALAGHAT
  • MICR Code 481653517
  • State name MADHYA PRADESH
  • District name BALAGHAT
  • City name BALAGHAT
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for BANK OF INDIA, PARASWADA branch is BKID0MG1302, ensures that your transactions are directed to the correct branch.

How to Use BKID0MG1302 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the PARASWADA branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.