IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in TAMIL NADU - VELLORE - KARADIKUDI - KARADIKUDI

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


IFSC Code

IOBA0001062

MICR Code

NA

Branch

KARADIKUDI

Contact

243130

Address

ODUGATHUR ROADKARADIKUDIPIN 632109

City

KARADIKUDI

District

VELLORE

State

TAMIL NADU





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

IOBA0001062

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.