IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - DHARWAD - GARAG - GARAG

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


IFSC Code

IOBA0000308

MICR Code

580020502

Branch

GARAG

Contact

2787822

Address

MATHRU CHAYA MAIN ROAD GARAG PIN 581105

City

GARAG

District

DHARWAD

State

KARNATAKA





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

IOBA0000308

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.