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

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


IFSC Code

IOBA0001503

MICR Code

160020017

Branch

LALRU MANDI

Contact

274680

Address

DANA MANDI SHOP NO 4 LALRU MANDI TEHASIL DERA BASSI LALRU MANDI140501

City

LALRU

District

PATIALA

State

PUNJAB





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

IOBA0001503

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.