IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in BIHAR - PURBI CHAMPARAN - RAXAUL - RAXAUL

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


IFSC Code

IOBA0000951

MICR Code

845020202

Branch

RAXAUL

Contact

221072

Address

LAXMI MARKET MAIN ROAD RAXAUL PIN 845305

City

RAXAUL

District

PURBI CHAMPARAN

State

BIHAR





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

IOBA0000951

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.