Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Savoi Veram Branch in Goa
Indian Overseas Bank Savoi Veram Branch is situated in North Goa, Goa
IFSC Code for Indian Overseas Bank Savoi Veram Branch, North Goa
IOBA0000670
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0000670
- Bank MICR Code: 403020010
- Bank Address: Panchayat Bldg Savoi Veram Village Ponda Taluk Pin 403401
- Bank Branch: Savoi Veram
- Bank District: North Goa
- Bank State: Goa
- Bank City: Ponda
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