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

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


IFSC Code

IOBA0001898

MICR Code

141020013

Branch

RISHINAGAR

Contact

2301746

Address

SCO 51RISHI NAGAR SHOPPING COMPLEXRISHI NAGARLUDHIANAPIN 141001

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

IOBA0001898

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.