IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - CHENNAI - CHENNAI - NEHRU PARK

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


IFSC Code

IOBA0000306

MICR Code

600020010

Branch

NEHRU PARK

Contact

26413141

Address

872 POONAMALLE HIGH ROAD CHENNAI - 600 084

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

IOBA0000306

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.