Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Baddowal 17 Fad Baddowal Cantonment Branch in Punjab
Indian Overseas Bank Baddowal 17 Fad Baddowal Cantonment Branch is situated in Ludhiana, Punjab
IFSC Code for Indian Overseas Bank Baddowal 17 Fad Baddowal Cantonment Branch, Ludhiana
IOBA0001723
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001723
- Bank MICR Code: 142020009
- Bank Address: Baddowal Pin 142021
- Bank Branch: Baddowal 17 Fad Baddowal Cantonment
- Bank District: Ludhiana
- Bank State: Punjab
- Bank City: Baddowal
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