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

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


IFSC Code

IOBA0001457

MICR Code

402020051

Branch

PEN

Contact

254816

Address

VANDHANA BHAVAN CHINCHPADA ROAD PEN402107

City

PEN

District

RAIGAD

State

MAHARASHTRA





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

IOBA0001457

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.