IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in MADHYA PRADESH - BHOPAL - BHOPAL - BHOPAL RAISEN ROAD

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


IFSC Code

IOBA0001573

MICR Code

462020004

Branch

BHOPAL RAISEN ROAD

Contact

2223766

Address

KARTAR ARCADEM NAUB RAISEN ROADBHOPAL PIN 462023

City

BHOPAL

District

BHOPAL

State

MADHYA PRADESH





What is IFSC Code of INDIAN OVERSEAS BANK situated at BHOPAL RAISEN ROAD- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at BHOPAL RAISEN ROAD - RTGS-HO is

IOBA0001573

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.