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

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


IFSC Code

IOBA0003491

MICR Code

WAITING

Branch

SODAM

Contact

2250048

Address

4-99/1LAKSHMI NAGAR STREETSODAMCHITTOOR DIST - 517123

City

SODAM

District

CHITTOOR

State

ANDHRA PRADESH





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

IOBA0003491

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.