IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - BANGALORE RURAL - AKKUR - AKKUR

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


IFSC Code

IOBA0000228

MICR Code

611020003

Branch

AKKUR

Contact

280433

Address

1 BY 315 GANDHI ROAD AKKUR609301

City

AKKUR

District

BANGALORE RURAL

State

KARNATAKA





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

IOBA0000228

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.