IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in DELHI - NEW DELHI - DELHI - OKHLA INDUSTRIAL AREA

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


IFSC Code

IOBA0001586

MICR Code

110020060

Branch

OKHLA INDUSTRIAL AREA

Contact

23468846

Address

B 226OKHLA INDUSTRIAL AREAPHASE INEW DELHI

City

DELHI

District

NEW DELHI

State

DELHI





What is IFSC Code of INDIAN OVERSEAS BANK situated at OKHLA INDUSTRIAL AREA- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at OKHLA INDUSTRIAL AREA - RTGS-HO is

IOBA0001586

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.