IOBA0001720 IFSC Code, INDIAN OVERSEAS BANK, DERA BAL

IFSC Code of Indian Overseas Bank, Dera Bal, Punjab IFSC CODE & MICR CODE

INDIAN OVERSEAS BANK, DERA BAL - IOBA0001720

  • Bank name: INDIAN OVERSEAS BANK

Bank Address: Dera Sant Sarwan Dass, V P O Bal, Dera Bal, Pin 144004

  • IFSC Code ioba0001720
  • Bank Code IOBA
  • Bank name INDIAN OVERSEAS BANK
  • Bank contact number 2403985
  • Bank branch DERA BAL
  • Bank ISO3166 Code IN-PB
  • Bank Center JALANDHAR
  • MICR Code 144020010
  • State name PUNJAB
  • District name JALANDHAR
  • City name JALANDHAR
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for INDIAN OVERSEAS BANK, DERA BAL branch is IOBA0001720, ensures that your transactions are directed to the correct branch.

How to Use IOBA0001720 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the DERA BAL branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.