IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in MADHYA PRADESH - BHOPAL - BHOPAL - AREA COLONY

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


IFSC Code

IOBA0003728

MICR Code

WAITING

Branch

AREA COLONY

Contact

2559954

Address

PLOT NO R4 E6 AREA COLONY NEAR SAI BABA ROAD BHOPAL MP 462016

City

BHOPAL

District

BHOPAL

State

MADHYA PRADESH





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

IOBA0003728

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.