IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - BIJAPUR - KANNUR - KANNUR

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


IFSC Code

IOBA0000016

MICR Code

670020002

Branch

KANNUR

Contact

2706425

Address

CW 30 BY 1289FORT RDKANNUR

City

KANNUR

District

BIJAPUR

State

KARNATAKA





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

IOBA0000016

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.