IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - THANJAVUR - AVANAM - AVANAM

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


IFSC Code

IOBA0000788

MICR Code

614020105

Branch

AVANAM

Contact

272425

Address

PATTUKOTTAI MAIN ROADAVANAM PIN 614623

City

AVANAM

District

THANJAVUR

State

TAMIL NADU





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

IOBA0000788

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.