IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - NAGAPATTINAM - VELANGANNI - VELANGANNI

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


IFSC Code

IOBA0000244

MICR Code

611020028

Branch

VELANGANNI

Contact

263422

Address

200MAIN ROADVELANGANNI PIN 611111

City

VELANGANNI

District

NAGAPATTINAM

State

TAMIL NADU





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

IOBA0000244

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.