IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - MANDYA - KEELARA - KEELARA

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


IFSC Code

IOBA0000347

MICR Code

571020542

Branch

KEELARA

Contact

270039

Address

SANKARANAND BLDG MAIN ROAD KEELARA PIN 571450

City

KEELARA

District

MANDYA

State

KARNATAKA





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

IOBA0000347

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.