Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Parel Branch in Maharashtra
Indian Overseas Bank Parel Branch is situated in Greater Bombay, Maharashtra
IFSC Code for Indian Overseas Bank Parel Branch, Greater Bombay
IOBA0003319
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0003319
- Bank MICR Code: 400020078
- Bank Address: Gr Floor Trust House,35,Avenue Rd,Dr E Borges Road,Parel,Mumbai 400012 Maharastra
- Bank Branch: Parel
- Bank District: Greater Bombay
- Bank State: Maharashtra
- Bank City: Mumbai
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