IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - CHENNAI - CHENNAI - AMBATTUR INDUSTRIAL ESTATE

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


IFSC Code

IOBA0000196

MICR Code

600020023

Branch

AMBATTUR INDUSTRIAL ESTATE

Contact

26253137

Address

PLOT NO 96 SOUTH PHASE II MAIN ROAD AMBATTUR INDUSTRIAL ESTATE CHENNAI - 600058

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of INDIAN OVERSEAS BANK situated at AMBATTUR INDUSTRIAL ESTATE- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at AMBATTUR INDUSTRIAL ESTATE - RTGS-HO is

IOBA0000196

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.