IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - TIRUNELVALI - SEVALKULAM - SEVALKULAM

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


IFSC Code

IOBA0001222

MICR Code

627020045

Branch

SEVALKULAM

Contact

289132

Address

1 BY 198199 YADAVAR STREET SEVALKULAM PIN 627754

City

SEVALKULAM

District

TIRUNELVALI

State

TAMIL NADU





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

IOBA0001222

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.