IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - GUNTUR - NALLAPADU - NALLAPADU

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


IFSC Code

IOBA0000556

MICR Code

520020105

Branch

NALLAPADU

Contact

2596081

Address

1 153 MAIN ROAD NALLAPADU PIN 522005

City

NALLAPADU

District

GUNTUR

State

ANDHRA PRADESH





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

IOBA0000556

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.