IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - RAMANATHAPURAM - KADALADI - KADALADI

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


IFSC Code

IOBA0000525

MICR Code

623020105

Branch

KADALADI

Contact

266527

Address

5 BY 99 ABAZAAR STREETKADALADIPIN 623703

City

KADALADI

District

RAMANATHAPURAM

State

TAMIL NADU





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

IOBA0000525

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.