IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - AMRITSAR - AMRITSAR - AMRITSAR CANTONMENT

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


IFSC Code

IOBA0001559

MICR Code

143020005

Branch

AMRITSAR CANTONMENT

Contact

2541236

Address

AIR FORCE STATIONAMRITSAR CANTONMENTAMRITSAR PIN 143001

City

AMRITSAR

District

AMRITSAR

State

PUNJAB





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

IOBA0001559

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.