IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in JHARKHAND - RANCHI - KHELARI - DAKRA

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


IFSC Code

IOBA0000558

MICR Code

834020501

Branch

DAKRA

Contact

236840

Address

DAKRA COLLIERY KHELARI P.O.DAKRA PIN 829210

City

KHELARI

District

RANCHI

State

JHARKHAND





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

IOBA0000558

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.