IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - MADURAI - MADURAI - MADURAI BYE PASS ROAD

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


IFSC Code

IOBA0001580

MICR Code

625020011

Branch

MADURAI BYE PASS ROAD

Contact

224165

Address

PANDIAN ROADWAYS CORPBYE PASS ROADMADURAI PIN 625010

City

MADURAI

District

MADURAI

State

TAMIL NADU





What is IFSC Code of INDIAN OVERSEAS BANK situated at MADURAI BYE PASS ROAD- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at MADURAI BYE PASS ROAD - RTGS-HO is

IOBA0001580

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.