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Deogiri Bank was established in 1984. The bank operates in the Marathawada region through its thirty-one branches. It has a training center, a modern data center and has a head office in Aurangabad. It provides core banking services to its customers.

Deogiri bank provides National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement services (RTGS) which involve transfer of money electronically. Thus, the bank is provided with IFSC codes to identify its unique branches.

The IFSC codes are allotted by the Reserve Bank of India to uniquely identify the banks that are involved in an electronic transfer. It is an eleven character long alphanumeric combination.

The first four characters are fixed for a particular bank. The fifth character is always zero and is reserved for future use and the last six characters are unique to a bank branch.

The first four fixed characters for the Deogiri Bank IFSC code are DEOB.