IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in PUNJAB - RUPNAGAR - SAS NAGAR(MOHALI) - S A S NAGAR

INDIAN OVERSEAS BANK RTGS HO Branch in SAS NAGAR(MOHALI) - Address, IFSC, MICR Code


IFSC Code

IOBA0000369

MICR Code

160020002

Branch

S A S NAGAR

Contact

2227257

Address

SCO 23 PHASE I SAHIBJADA AJIT SINGH NAGAR MOHALI - 160051

City

SAS NAGAR(MOHALI)

District

RUPNAGAR

State

PUNJAB





What is IFSC Code of INDIAN OVERSEAS BANK situated at S A S NAGAR- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at S A S NAGAR - RTGS-HO is

IOBA0000369

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.