IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in GUJARAT - SURAT - SACHIN - SACHIN

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


IFSC Code

IOBA0002392

MICR Code

395020006

Branch

SACHIN

Contact

2390110

Address

RADHIKA COMPLEXSHOP NO 1 AND 2OPP L D HIGH SCHOOLSTATION ROADPIN 394230

City

SACHIN

District

SURAT

State

GUJARAT





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

IOBA0002392

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.