IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - CHENNAI - CHENNAI - WALLTAX ROAD

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


IFSC Code

IOBA0000348

MICR Code

600020021

Branch

WALLTAX ROAD

Contact

25296356

Address

14 RAMANAN ROAD OPP. TO ELEPHANT GATE POLICE STATION CHENNAI 600079

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

IOBA0000348

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.