IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KARNATAKA - UDIPI - KARKALA - KARKALA

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


IFSC Code

IOBA0000841

MICR Code

575020006

Branch

KARKALA

Contact

230485

Address

GOPAL TOWERS MAIN ROAD KARKALA PIN 574104

City

KARKALA

District

UDIPI

State

KARNATAKA





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

IOBA0000841

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.