IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ODISHA - RAYAGADA - RAYAGADA - RAYAGADA

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


IFSC Code

IOBA0000283

MICR Code

765020002

Branch

RAYAGADA

Contact

222169

Address

8 55 STATION ROAD NEW COLONY RAYAGADA PO PIN 765001

City

RAYAGADA

District

RAYAGADA

State

ODISHA





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

IOBA0000283

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.