IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in GOA - SOUTH GOA - QUEPEM - XELDEM

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


IFSC Code

IOBA0003005

MICR Code

403020023

Branch

XELDEM

Contact

28584896

Address

SHOP 151617 NIRMAL RESIDENCYXELDEMTILAMOLGOA 403705

City

QUEPEM

District

SOUTH GOA

State

GOA





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

IOBA0003005

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.