IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in MADHYA PRADESH - BALAGHAT - BALAGHAT - BALAGHAT

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


IFSC Code

IOBA0002873

MICR Code

481020001

Branch

BALAGHAT

Contact

28584896

Address

WARD NO 15MAIN ROADBALAGHATBALAGHAT M.P.481001

City

BALAGHAT

District

BALAGHAT

State

MADHYA PRADESH





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

IOBA0002873

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.