IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - CHITTOOR - MAHASAMUDRAM - MAHASAMUDRAM

INDIAN OVERSEAS BANK RTGS HO Branch in MAHASAMUDRAM - Address, IFSC, MICR Code


IFSC Code

IOBA0001059

MICR Code

NA

Branch

MAHASAMUDRAM

Contact

289832

Address

BERIPALLE VILLAGEMAHASAMUDRAM BANGARUPALEM MANDAL MAHASAMUDRAM PIN 517140

City

MAHASAMUDRAM

District

CHITTOOR

State

ANDHRA PRADESH





What is IFSC Code of INDIAN OVERSEAS BANK situated at MAHASAMUDRAM- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at MAHASAMUDRAM - RTGS-HO is

IOBA0001059

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.