IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in DELHI - NEW DELHI - DELHI - TOLSTOY MARG

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


IFSC Code

IOBA0000531

MICR Code

110020016

Branch

TOLSTOY MARG

Contact

23319556

Address

NO 7 PRAKASH DEEP BUILDING TOLSTOY MARG NEW DELHI - 110001

City

DELHI

District

NEW DELHI

State

DELHI





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

IOBA0000531

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.