IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in KERALA - PALAKKAD - PALAKKAD - PALAKKAD

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


IFSC Code

IOBA0000068

MICR Code

678020002

Branch

PALAKKAD

Contact

2544228

Address

12 BY 835 G B RDPALAKKAD

City

PALAKKAD

District

PALAKKAD

State

KERALA





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

IOBA0000068

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.