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

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


IFSC Code

IOBA0000390

MICR Code

141020005

Branch

IND AREA

Contact

2227094

Address

G T BYPASS RDNEAR TRANSPORT NAGARINDTL AREALUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

IOBA0000390

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.