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

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


IFSC Code

IOBA0001589

MICR Code

141020011

Branch

SUNDER NAGAR

Contact

2300724

Address

B XXIV2592 BY 1ATAM TOWERSUNDER NAGARLUDHIANA

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

IOBA0001589

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.