IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - BANGALORE URBAN - BANGALORE - H R B R LAYOUT

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


IFSC Code

IOBA0001554

MICR Code

560020026

Branch

H R B R LAYOUT

Contact

26321290

Address

39TH B MAIN RD100 FEET RDBANASWADI MAIN RDB LORE

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





What is IFSC Code of INDIAN OVERSEAS BANK situated at H R B R LAYOUT- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at H R B R LAYOUT - RTGS-HO is

IOBA0001554

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.