IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - CHAMARAJANAGAR - KAGALWADI - KAGALWADI

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


IFSC Code

IOBA0000309

MICR Code

571020551

Branch

KAGALWADI

Contact

232179

Address

119 MAIN ROADKAGALWADIPIN 571117

City

KAGALWADI

District

CHAMARAJANAGAR

State

KARNATAKA





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

IOBA0000309

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.