IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - EAST GODAVARI - PITHAPURAM - PITHAPURAM

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


IFSC Code

IOBA0000554

MICR Code

533020562

Branch

PITHAPURAM

Contact

251204

Address

10 1 3 MAIN ROAD NEAR FORT GATE PITHAPURAM PIN 533450

City

PITHAPURAM

District

EAST GODAVARI

State

ANDHRA PRADESH





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

IOBA0000554

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.