IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - GULBARGA - GULBARGA - BADEPUR

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


IFSC Code

IOBA0001244

MICR Code

585020002

Branch

BADEPUR

Contact

245895

Address

PLOT 11 B SEDAM MAIN ROADGULBARGA 585105

City

GULBARGA

District

GULBARGA

State

KARNATAKA





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

IOBA0001244

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.