IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - PATIALA - BANUR - BANUR

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


IFSC Code

IOBA0002346

MICR Code

160020018

Branch

BANUR

Contact

252055

Address

OPP TO GURUDWARA MAIN ROAD BANURCITY TOWN BANUR DISTRICT SAS NAGAR STATE PUNJAB

City

BANUR

District

PATIALA

State

PUNJAB





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

IOBA0002346

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.