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

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


IFSC Code

IOBA0001627

MICR Code

638020009

Branch

ERODE SAMPATHNAGER

Contact

235858

Address

368 BY 2 SF NO 162 BY 1 NASIYANUR ROAD NARAYANAVALASU ERODE 638011

City

ERODE

District

ERODE

State

TAMIL NADU





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

IOBA0001627

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.