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

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


IFSC Code

IOBA0000981

MICR Code

627020049

Branch

THENMALAI

Contact

250238

Address

MAIN ROAD THENMALAI PIN 627770

City

THENMALAI

District

TIRUNELVALI

State

TAMIL NADU





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

IOBA0000981

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.