IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - HYDERABAD - HYDERABAD - HYDERABAD BASHEER BAGH

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


IFSC Code

IOBA0000583

MICR Code

500020004

Branch

HYDERABAD BASHEER BAGH

Contact

23421533

Address

3 5 822 BY 5HYDERGUDAHYDERABAD 500029

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





What is IFSC Code of INDIAN OVERSEAS BANK situated at HYDERABAD BASHEER BAGH- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at HYDERABAD BASHEER BAGH - RTGS-HO is

IOBA0000583

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.