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

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


IFSC Code

IOBA0000389

MICR Code

142020052

Branch

JAGRAON

Contact

222255

Address

LAJPATRAI ROAD JAGRAON PIN 142006

City

JAGRAON

District

LUDHIANA

State

PUNJAB





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

IOBA0000389

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.