Bank of India, ARUD

Here is the IFSC & MICR Codes of Bank of India, ARUD, KHANDWA, MADHYA PRADESH. Also get the latest address, contact number of Bank of India, ARUD.

IFSC Code: BKID0MG0261
Branch: ARUD
Address: PANDHANA ROAD ARUD
Bank Code: BKID
MICR: 450653510

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Frequently asked questions

What's the IFSC Code of ARUD, Bank of India?: The IFSC Code of ARUD, Bank of India is BKID0MG0261.
What's the Address of ARUD, Bank of India?: The Address of ARUD, Bank of India is PANDHANA ROAD ARUD.
What's the MICR Code of ARUD, Bank of India?: The MICR Code of ARUD, Bank of India is 450653510.
What's the District ARUD, Bank of India falls under?: The District ARUD, Bank of India falls under is KHANDWA.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).