IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in CHANDIGARH - JANJGIR CHAMPA - KOSALA - KOSALA

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


IFSC Code

IOBA0000934

MICR Code

759020502

Branch

KOSALA

Contact

285610

Address

KOSALA POANGUL DIST KOSALA PIN 759130

City

KOSALA

District

JANJGIR CHAMPA

State

CHANDIGARH





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

IOBA0000934

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.