Latest details of Ifsc: Ioba0000542
INDIAN OVERSEAS BANK
Branch name : SION EAST
Contact Information
Address: PL NO 6, SALVATION ARMY BLDG, GROUND FLOOR, SION ROAD, SION EAST, MUMBAI - 400022
Contact number: 24094807
Bank Details
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
