IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - NAGAPATTINAM - SANKARAN PANDAL - SANKARANPANDAL

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


IFSC Code

IOBA0000523

MICR Code

611020018

Branch

SANKARANPANDAL

Contact

285434

Address

3 BY 130 NEW WEST STREET SANKARANPANDAL PIN 609308

City

SANKARAN PANDAL

District

NAGAPATTINAM

State

TAMIL NADU





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

IOBA0000523

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.