IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - SRIKAKULAM - SRIKAKULAM - BALAGATHOPU

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


IFSC Code

IOBA0001597

MICR Code

532020003

Branch

BALAGATHOPU

Contact

294343

Address

BISHOPS BUILDING BALAGATHOPU SRIKAKULAM PIN 532001

City

SRIKAKULAM

District

SRIKAKULAM

State

ANDHRA PRADESH





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

IOBA0001597

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.