Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Samastipur Branch in Bihar
Indian Overseas Bank Samastipur Branch is situated in Begusarai, Bihar
IFSC Code for Indian Overseas Bank Samastipur Branch, Begusarai
IOBA0001567
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001567
- Bank MICR Code: 848020002
- Bank Address: Rajaram Building Sabita T V S,Mohanpur Road Samastipur Pin 848101
- Bank Branch: Samastipur
- Bank District: Begusarai
- Bank State: Bihar
- Bank City: Mohanpur
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