IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in HARYANA - KARNAL - KARNAL - KARNAL

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


IFSC Code

IOBA0001414

MICR Code

132020102

Branch

KARNAL

Contact

2273936

Address

KARAN GATE KARNAL

City

KARNAL

District

KARNAL

State

HARYANA





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

IOBA0001414

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.