Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Okhla Industrial Area Branch in Delhi
Indian Overseas Bank Okhla Industrial Area Branch is situated in New Delhi, Delhi
IFSC Code for Indian Overseas Bank Okhla Industrial Area Branch, New Delhi
IOBA0001586
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001586
- Bank MICR Code: 110020060
- Bank Address: B 226,Okhla Industrial Area,Phase I,New Delhi
- Bank Branch: Okhla Industrial Area
- Bank District: New Delhi
- Bank State: Delhi
- Bank City: Delhi
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