BANK OF INDIA MADHYA PRADESH IFSC CODE Quick Search

What is BANK OF INDIA MADHYA PRADESH ifsc code

IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.

BANK OF INDIA MADHYA PRADESH ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.

1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer

BANK OF INDIA MADHYA PRADESH ifsc code Format:

For Example :

BANK OF INDIA MADHYA PRADESH ifsc code : BKID0008800 is 11 digit Unique IFSC Code.

First 4 characters represents Bank Code : BKID for Bank : BANK OF INDIA

5th character is Zero and it is reserved for future reference

Last 6 characters represents Branch Code : 008800 for Bank Branch INDORE

Anatomy of a Cheque

The above image represent cheque format which locates IFSC Code and MICR Code in Red Box

What is MICR Code for bank of india madhya pradesh

MICR code for bank of india madhya pradesh represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.

MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).

Where is MICR Code for bank of india madhya pradesh on Cheque:

MICR Code Format for bank of india madhya pradesh :

For Example :

MICR Code for BANK OF INDIA : 452013006 is 9 digit Unique MICR Code.

First 3 digits represents CityCode Code : 452 for City : INDORE

Middle 3 digits reprents Bank Code: 013 for Bank : BANK OF INDIA

Last 3 digits represents Branch Code : 300 for Bank Branch INDORE

BANK OF INDIA All City IFSC Code List for State MADHYA PRADESH

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