IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - BANGALORE URBAN - BANGALORE - J P NAGAR

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


IFSC Code

IOBA0001302

MICR Code

560020016

Branch

J P NAGAR

Contact

22950130

Address

945 SARAKKI LAYOUT II PHASE 24TH MAIN RD J.P. NGR BANGALORE

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





What is IFSC Code of INDIAN OVERSEAS BANK situated at J P NAGAR- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at J P NAGAR - RTGS-HO is

IOBA0001302

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.