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

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


IFSC Code

IOBA0001420

MICR Code

457020002

Branch

RATLAM

Contact

234759

Address

81 GROUND FLOORNEW ROADRATLAMPIN 457001

City

RATLAM

District

RATLAM

State

MADHYA PRADESH





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

IOBA0001420

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.