IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - COIMBATORE - KOMARALINGAM - KOMARALINGAM

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


IFSC Code

IOBA0000168

MICR Code

642020103

Branch

KOMARALINGAM

Contact

278234

Address

112 MAIN ROAD KOMARALINGAM PIN 642204

City

KOMARALINGAM

District

COIMBATORE

State

TAMIL NADU





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

IOBA0000168

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.