IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ODISHA - GANJAM - BISSMAGIRI - BHISMAGIRI

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


IFSC Code

IOBA0000517

MICR Code

761020502

Branch

BHISMAGIRI

Contact

255927

Address

AT P.O.BHISMAGIRIBHISMAGIRIPIN 761055

City

BISSMAGIRI

District

GANJAM

State

ODISHA





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

IOBA0000517

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.