Bank of India – KARAKBEL
IFSC Code: BKID0MG1248
MICR Code: 487653515
Branch: KARAKBEL
Bank: Bank of India
Address: VPO KARAKBEL, NEAR POST OFFICE,TAH. NARSINGHPUR 487114
District: NARSINGHPUR
State: MADHYA PRADESH
Contact: +918226010394
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Bank of India IFSC Code BKID0MG1248
Indian Financial System Code (IFSC): BKID0MG1248
The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).
- The first four characters represent the bank name.
- The fifth character is always ‘0’ and is reserved for future use.
- Branch Code MG1248. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 487653515
The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.
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