IOBA0001877 IFSC Code, INDIAN OVERSEAS BANK, NAYA NANGAL

IFSC Code of Indian Overseas Bank, Naya Nangal, Chandigarh IFSC CODE & MICR CODE

INDIAN OVERSEAS BANK, NAYA NANGAL - IOBA0001877

  • Bank name: INDIAN OVERSEAS BANK

Bank Address: Ajoli Nayanangal Pin 140126

  • IFSC Code ioba0001877
  • Bank Code IOBA
  • Bank name INDIAN OVERSEAS BANK
  • Bank contact number 226948
  • Bank branch NAYA NANGAL
  • Bank ISO3166 Code IN-CH
  • Bank Center CHANDIGARH
  • MICR Code 140020103
  • State name CHANDIGARH
  • District name CHANDIGARH
  • City name CHANDIGARH
  • 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, NAYA NANGAL branch is IOBA0001877, ensures that your transactions are directed to the correct branch.

How to Use IOBA0001877 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 NAYA NANGAL 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.