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

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


IFSC Code

IOBA0002583

MICR Code

500020044

Branch

CHAMPAPET

Contact

28584896

Address

NO 17BY1BY382BYRBY16AND16PARTRTC OFFICERS COLONYMAIN ROADCHAMPAPETHYDERABAD 500079

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





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

IOBA0002583

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.