Indian Overseas Bank - VELAMPALAYAM

Details about the IFSC1 IOBA0000241:

Bank: Indian Overseas Bank
Bank Branch: VELAMPALAYAM (IN-TN)
Country: India
District/State: COIMBOTORE / TAMIL NADU
City: TIRUPUR
Address: SF NO 436,PERIYAR COLONY,ANNUPARPALAYAM,TIRUPPUR
Contact: 2257312
IFSC:1 IOBA0000241
MICR:2 641020104




1) An IFSC code (Indian Financial System Code) is a unique 11-digit alphanumeric code used to identify bank branches participating in electronic fund transfers like NEFT, RTGS, and IMPS.

2) Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.