IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - LUDHIANA - BADDOWAL - BADDOWAL 17 FAD BADDOWAL CANTONMENT

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


IFSC Code

IOBA0001723

MICR Code

142020009

Branch

BADDOWAL 17 FAD BADDOWAL CANTONMENT

Contact

2423809

Address

BADDOWAL PIN 142021

City

BADDOWAL

District

LUDHIANA

State

PUNJAB





What is IFSC Code of INDIAN OVERSEAS BANK situated at BADDOWAL 17 FAD BADDOWAL CANTONMENT- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at BADDOWAL 17 FAD BADDOWAL CANTONMENT - RTGS-HO is

IOBA0001723

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.