IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in JHARKHAND - BOKARO - BOKARO - BOKORO STEEL CITY CHAS

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


IFSC Code

IOBA0001246

MICR Code

827020002

Branch

BOKORO STEEL CITY CHAS

Contact

2285068

Address

PURANA BAZ BY PASS ROADCHAS PO BOKARO PIN 827013

City

BOKARO

District

BOKARO

State

JHARKHAND





What is IFSC Code of INDIAN OVERSEAS BANK situated at BOKORO STEEL CITY CHAS- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at BOKORO STEEL CITY CHAS - RTGS-HO is

IOBA0001246

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.