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

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


IFSC Code

IOBA0000701

MICR Code

391020502

Branch

ITOLA

Contact

2830056

Address

ITOLA ROAD ITOLA BARODA PIN 391240

City

ITOLA

District

VADODARA

State

GUJARAT





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

IOBA0000701

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.