IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in BIHAR - PATNA - PATNA - SAGUNA MORE

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


IFSC Code

IOBA0003606

MICR Code

WAITING

Branch

SAGUNA MORE

Contact

2232663

Address

IOBSAGUNA MOREPATNA801503

City

PATNA

District

PATNA

State

BIHAR





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

IOBA0003606

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.