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

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


IFSC Code

IOBA0001883

MICR Code

641020107

Branch

PALLADAM

Contact

254388

Address

321 THIRU NAGAR TRICHY ROAD PALLADAM COIMBATORE

City

PALLADAM

District

COIMBATORE

State

TAMIL NADU





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

IOBA0001883

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.