IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in CHANDIGARH - DURG - BALOD - BALOD

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


IFSC Code

IOBA0002534

MICR Code

491020501

Branch

BALOD

Contact

223257

Address

NEAR OLD BUS STANDSARDAR LINEBALODDURG DISTCHATTISGARH 491226

City

BALOD

District

DURG

State

CHANDIGARH





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

IOBA0002534

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.