IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in GUJARAT - GANDHINAGAR - VADODARA - KARELIBAGH

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


IFSC Code

IOBA0001869

MICR Code

390020012

Branch

KARELIBAGH

Contact

2461539

Address

IST FLOOR STATUS COMPLEX JYOTI PARK SOCIETY KARELI BAUG BARODA 390018

City

VADODARA

District

GANDHINAGAR

State

GUJARAT





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

IOBA0001869

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.