IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in MAHARASHTRA - RAIGAD - PANVEL - NEW PANVEL

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


IFSC Code

IOBA0001425

MICR Code

400020046

Branch

NEW PANVEL

Contact

7458899

Address

PL NO 13 B PRAJAPATI HOUSE SECTOR 19 PANVEL MATHERAN NEW PANVEL EAST PIN 410206

City

PANVEL

District

RAIGAD

State

MAHARASHTRA





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

IOBA0001425

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.