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

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


IFSC Code

IOBA0001974

MICR Code

635020104

Branch

WALAJAPET

Contact

231099

Address

49 KOMUTTI STREET WALAJAPET PIN 632513

City

WALAJAPET

District

VELLORE

State

TAMIL NADU





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

IOBA0001974

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.