IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - RUPNAGAR - NANGAL TOWNSHIP - NANGAL TOWNSHIP

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


IFSC Code

IOBA0000578

MICR Code

140020102

Branch

NANGAL TOWNSHIP

Contact

220301

Address

145 RAIL WAY ROAD NANGAL TOWNSHIP140124

City

NANGAL TOWNSHIP

District

RUPNAGAR

State

PUNJAB





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

IOBA0000578

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.