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

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


IFSC Code

IOBA0003130

MICR Code

452020008

Branch

BHAWARASLA

Contact

28584896

Address

41 SHAKAMBARI AVENUE COLONYNR RISHIRAJ COLLEGEVILLAGE BHAWRASLAOFF SHRI AURBINDO S ODINDO 453555

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

IOBA0003130

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.