Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Gangtok Branch in Sikkim
Indian Overseas Bank Gangtok Branch is situated in East Sikkim, Sikkim
IFSC Code for Indian Overseas Bank Gangtok Branch, East Sikkim
IOBA0001624
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001624
- Bank MICR Code: 737020001
- Bank Address: Arcade, Kazi Road, Gangtok, Sikkim Pin 737101
- Bank Branch: Gangtok
- Bank District: East Sikkim
- Bank State: Sikkim
- Bank City: Gangtok
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