IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - HAVERI - RANEBENNUR - RANIBENNUR

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


IFSC Code

IOBA0003020

MICR Code

581020102

Branch

RANIBENNUR

Contact

28584896

Address

MARKANDESARA MOTORS OPP KEP PB ROAD RANIBENNUR 581115

City

RANEBENNUR

District

HAVERI

State

KARNATAKA





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

IOBA0003020

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.