IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - VISHAKHAPATNAM - MADHURAVADA - MADHURAWADA VISAKHAPATNAM

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


IFSC Code

IOBA0002196

MICR Code

530020009

Branch

MADHURAWADA VISAKHAPATNAM

Contact

2560055

Address

MIDHILAPURI VUDA COLONYMADHURAWADAVISAKHAPATNAMPIN 530041DIST VISHAKHAPATNAM

City

MADHURAVADA

District

VISHAKHAPATNAM

State

ANDHRA PRADESH





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

IOBA0002196

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.