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

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


IFSC Code

IOBA0002414

MICR Code

455020001

Branch

DEWAS

Contact

253400

Address

TILAK NAGARA B ROAD DEWASDEWAS DISTRICT MADHYA PRADESH STATE SUBHADRA HOUSE11

City

DEWAS

District

DEWAS

State

MADHYA PRADESH





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

IOBA0002414

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.