IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - WEST GODAVARI - PALAKOL - PALAKOLLU

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


IFSC Code

IOBA0002602

MICR Code

534020302

Branch

PALAKOLLU

Contact

28584896

Address

S6 KANURI SHOPPING COMPLEX MG ROAD PALAKOLLU WEST GODAVARI DIST 534260

City

PALAKOL

District

WEST GODAVARI

State

ANDHRA PRADESH





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

IOBA0002602

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.