IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - THIRUVALLUR - AMBATTUR - PADI CHENNAI

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


IFSC Code

IOBA0002364

MICR Code

600020183

Branch

PADI CHENNAI

Contact

26247411

Address

878 MADRAS THIRUVALLUR HIGH ROAD PADICHENNAI 50PIN 600050

City

AMBATTUR

District

THIRUVALLUR

State

TAMIL NADU





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

IOBA0002364

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.