IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - PATIALA - DERA BASSI - DERABASSI

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


IFSC Code

IOBA0001737

MICR Code

160020008

Branch

DERABASSI

Contact

28584896

Address

CHANDIGARHAMBALA NAT HIGHWAYNEAR SUKHMANI INST OF ENG TECHDERABASSI

City

DERA BASSI

District

PATIALA

State

PUNJAB





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

IOBA0001737

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.