Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Patna Shastri Nagar Branch in Bihar
Indian Overseas Bank Patna Shastri Nagar Branch is situated in Patna, Bihar
IFSC Code for Indian Overseas Bank Patna Shastri Nagar Branch, Patna
IOBA0001512
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001512
- Bank MICR Code: 800020004
- Bank Address: Beltron Bhavan,Shastri Nagar, Patnapin 800023
- Bank Branch: Patna Shastri Nagar
- Bank District: Patna
- Bank State: Bihar
- Bank City: Patna
About IFSC Codes in India
IFSC stands for Indian Financial System Code. It is a unique 11-digit alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI). It is used for electronic funds transfer using NEFT, RTGS, and IMPS.
Components of IFSC Code:
- First four characters: Bank code
- Fifth character: Always 0
- Last six characters: Branch identifier
About MICR Codes
MICR stands for Magnetic Ink Character Recognition and is printed on cheques to streamline processing.
- First three digits: City code
- Next three digits: Bank code
- Last three digits: Branch code