IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - NILGIRIS - UDHAGAMANDALAM - OOTACAMUND

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


IFSC Code

IOBA0000786

MICR Code

643020002

Branch

OOTACAMUND

Contact

2444101

Address

1780 COMMERCIAL ROADOOTACAMUND PIN 643001

City

UDHAGAMANDALAM

District

NILGIRIS

State

TAMIL NADU





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

IOBA0000786

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.