IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - ERODE - AVALPOONDURAI - AVALPOONTHURAI

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


IFSC Code

IOBA0002316

MICR Code

638020028

Branch

AVALPOONTHURAI

Contact

2331165

Address

40EASWARAN KOIL STREET MAIN ROADAVALPOONTHURAI 638 115

City

AVALPOONDURAI

District

ERODE

State

TAMIL NADU





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

IOBA0002316

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.