IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - SALEM - SALEM - SALEM SHEVAPET

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


IFSC Code

IOBA0000149

MICR Code

636020006

Branch

SALEM SHEVAPET

Contact

2212239

Address

720 FORT MAIN ROAD SHEVAPET SALEM PIN 636002

City

SALEM

District

SALEM

State

TAMIL NADU





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

IOBA0000149

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.