Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Niwai Branch in Rajasthan
Indian Overseas Bank Niwai Branch is situated in Tonk, Rajasthan
IFSC Code for Indian Overseas Bank Niwai Branch, Tonk
IOBA0002539
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002539
- Bank MICR Code: 304020025
- Bank Address: Near Nagar Palika,Jaipur Kota Road,Jamat Newai,Tonk
- Bank Branch: Niwai
- Bank District: Tonk
- Bank State: Rajasthan
- Bank City: Newai
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