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

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


IFSC Code

IOBA0002135

MICR Code

452020005

Branch

INDOREPALASIA

Contact

2570202

Address

BANSI PLAZA 581 BY 3 MAHATMA GANDHI ROAD INDORE PIN 452001

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

IOBA0002135

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.