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

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


IFSC Code

IOBA0002327

MICR Code

462020007

Branch

MANDIDEEP

Contact

232233

Address

2AINDIRA NAGAROPP HEGMANDIEEPDIST RAISENBHOPAL462046

City

MANDIDEEP

District

RAISEN

State

MADHYA PRADESH





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

IOBA0002327

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.