IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - BANGALORE URBAN - NAGARABAVI - NAGARBHAVI

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


IFSC Code

IOBA0002632

MICR Code

560020041

Branch

NAGARBHAVI

Contact

28584896

Address

4 RING ROAD II STAGE 11TH BLOCK PAPREDDYPALAYAM NAGARBHAVI BANGALORE 560072

City

NAGARABAVI

District

BANGALORE URBAN

State

KARNATAKA





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

IOBA0002632

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.