Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Dera Bal Branch in Punjab
Indian Overseas Bank Dera Bal Branch is situated in Jalandhar, Punjab
IFSC Code for Indian Overseas Bank Dera Bal Branch, Jalandhar
IOBA0001720
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001720
- Bank MICR Code: 144020010
- Bank Address: Dera Sant Sarwan Dass, V P O Bal, Dera Bal, Pin 144004
- Bank Branch: Dera Bal
- Bank District: Jalandhar
- Bank State: Punjab
- Bank City: Jalandhar
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