IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - VISHAKHAPATNAM - ANAKAPALLE - MARKET YARD ANAKAPALLE

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


IFSC Code

IOBA0001650

MICR Code

530020103

Branch

MARKET YARD ANAKAPALLE

Contact

2765677

Address

MAIN ROADANAKAPALLEPIN 531002

City

ANAKAPALLE

District

VISHAKHAPATNAM

State

ANDHRA PRADESH





What is IFSC Code of INDIAN OVERSEAS BANK situated at MARKET YARD ANAKAPALLE- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at MARKET YARD ANAKAPALLE - RTGS-HO is

IOBA0001650

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.