IFSC code: BKID0007906 and MICR code: 180013003 BANK OF INDIA SATWARI

BANK NAME BANK OF INDIA
IFSC CODE BKID0007906
MICR CODE 180013003
BRANCH NAME SATWARI
ADDRESS 19- SATWARIJAMMU-
CONTACT 1912454021
CITY JAMMU
DISTRICT JAMMU
STATE JAMMU AND KASHMIR

IFSC code: BKID0007906 and MICR code: 180013003 BANK OF INDIA SATWARI

What is IFSC Code?

IFSC is an acronym for Indian Financial System Code.IFSC code is an interesting eleven-digit number which is a mix of letters in order and numerals. It is utilized to exchange stores online for NEFT, IMPS and RTGS exchanges. Ordinarily, the IFSC code can be found on the registration given by the bank. It can likewise be found on the first page of the accountholder's passbook. The IFSC code of each bank office is appointed by the Reserve Bank of India. The account holders can without much of a stretch check the IFSC code of their bank/office on the Reserve Bank of India's site. Web keeping money exchanges for exchanging reserves, utilizing NEFT, IMPS, and RTGS, can't be started without a legitimate Indian Financial System Code.

Format for Bank IFSC Code

BKID0007906 is a BANK OF INDIA SATWARI branch JAMMU IFSC Code ( BKID0007906 ).

  • Initial 4 characters represent BANK OF INDIA bank name.( BKID0007906 )
  • Fifth position has been defaulted with a '0' (Zero) for sometime later ( BKID0007906 )
  • Last 6 character means the BANK OF INDIA SATWARI branch code ( BKID0007906 )

What Is MICR Code?

MICR is an acronym for Magnetic Ink Character Recognition. Principally, this inventive innovation confirms the lawfulness and believability of paper-based document(s) in the managing an account database. It can be found on checks. MICR is at standard with IFSC to the extent the security of a reserve exchange is concerned.

MICR code is a result of very propelled Character Recognition Technology (CRT) utilized by banks to confirm checks for free. MICR innovation is utilized for other bank archives too. A MICR code is set at the base of a check. It incorporates subtle elements such as the bank code, account points of interest, sum, and check number, nearby a control pointer. The greatest preferred standpoint of MICR innovation is that it emerges among comparative ideas, for example, scanner tags, as MICR can be perused and recognized by people effectively.

BKID0007906 is a BANK OF INDIA SATWARI branch JAMMU MICR Code ( 180013003 ).

Difference between IFSC Code & MICR Code

How about we accumulate an unmistakable comprehension of both and figure out how they vary from each other-

IFSC Code

MICR Code

It is utilized to encourage electronic cash exchange between the banks in India. It is utilized to encourage electronic cash exchange between the banks in India.
IFSC Code is a 11-digit alpha-numeric code. MICR is a 9-digit code.
The initial four characters show the name of the bank. The initial three digits speak to the city code where the bank office is found.
Last 6 digits speak to the bank area Last three digits demonstrate the bank office code.


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