IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - WEST GODAVARI - ELURU - XAVIER NGR

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


IFSC Code

IOBA0001547

MICR Code

534020003

Branch

XAVIER NGR

Contact

23468864

Address

XAVIER NGR ELURU

City

ELURU

District

WEST GODAVARI

State

ANDHRA PRADESH





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

IOBA0001547

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.