IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - MEDAK - MADURAI - COLLECTORATEBRANCH

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


IFSC Code

IOBA0001830

MICR Code

625020036

Branch

COLLECTORATEBRANCH

Contact

220090

Address

DISTRICT COLLECTORATEDINDIGULPIN 624004

City

MADURAI

District

MEDAK

State

ANDHRA PRADESH





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

IOBA0001830

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.