Indian Overseas Bank IFSC Code, Cumbum Branch Madurai in Tamil Nadu

Indian Financial System Code (IFSC) is a eleven digit code provided by the Reserve Bank of India (RBI) for identifying bank branches in India individually. This code is used for NEFT and RTGS.

The code consists of 11 characters. The first part is the first four alphabet characters represent the Bank. Next character is zero(0), which is reserved for use in the future. The last six characters are the branch code.

The Indian Overseas Bank IFSC code is 11 characters?
Example: IOBA0000176

• IOBA The first four digits of the IFSC code represents the name of the Indian Overseas Bank.
• The fifth digit is ‘zero’ (0),
• 000176 The last 6 digits denote the name of the specific Indian Overseas Bank Cumbum branch

What is Indian Overseas Bank Cumbum IFSC Code?

Magnetic Ink Character Recognition (MICR) is a printing technology that is used to print alpha-numeric details. MICR Code is printed on cheques and they allow the cheque to be processed easily. 

Indian Financial System Code, Magnetic Ink Character Recognition, SWIFT Code, Address and Contact number of Indian Overseas Bank - Cumbum branch in Madurai district which is in the state of Tamil Nadu . Branch office and ATM location.

What is Indian Overseas Bank Tamil Nadu Madurai Cumbum RTGS?

Real-Time Gross Settlement (RTGS) is a fund transfer mechanism which is used to transfer money from one bank to another. This gross basis transfer happens in realtime, hence the name. The minimum amount that can be transferred through RTGS is Rs. 2,00,000. Fees to process RTGS will be applicable.

What is Indian Overseas Bank Tamil Nadu Cumbum Madurai NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system that is supported by RBI. NEFT is used for medium and small amount transfer between accounts and banks. There is no minimum amount limit to send money via NEFT.

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