IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - LUDHIANA - HALWARA - HALWARA

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


IFSC Code

IOBA0001727

MICR Code

141020505

Branch

HALWARA

Contact

22376130

Address

HALWARA PIN 141106

City

HALWARA

District

LUDHIANA

State

PUNJAB





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

IOBA0001727

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.