IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in GUJARAT - KACHCHH - KANDLA - KANDLA

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


IFSC Code

IOBA0001781

MICR Code

370020002

Branch

KANDLA

Contact

2417387

Address

IFFCO FACTORY SITEKANDALAKANDALAPIN 370220

City

KANDLA

District

KACHCHH

State

GUJARAT





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

IOBA0001781

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.