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

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


IFSC Code

IOBA0000634

MICR Code

632020003

Branch

ALLAPURAM

Contact

2222836

Address

NORTH ARCOT MARKET COMMITTEE BULDG ALLAPURAM VELLORE

City

VELLORE

District

VELLORE

State

TAMIL NADU





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

IOBA0000634

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.