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

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


IFSC Code

IOBA0002416

MICR Code

461020001

Branch

HOSHANGABAD

Contact

250107

Address

PLOT NO 1ANAND NAGAR HOSHANGABAD DISTRICT MADHYA PRADESH STATE PINCODE 461001

City

HOSHANGABAD

District

HOSHANGABAD

State

MADHYA PRADESH





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

IOBA0002416

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.