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INDIAN OVERSEAS BANK , MUMBAI, MAHARASHTRA IFSC Code


  • INDIAN OVERSEAS BANK-MAHARASHTRA-SION EAST

    State : MAHARASHTRA

    City : MUMBAI

    Branch : SION EAST

    IFSC Code: IOBA0000542

    MICR Code: 400020022

    Contact No.: 24094807

    Address : PL NO 6, SALVATION ARMY BLDG, GROUND FLOOR, SION ROAD, SION EAST, MUMBAI - 400022

    Website : http://www.iob.com/







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    What is a IFSC Code / IFS Code?

    IFSC Code is the short form of Indian Financial System Code. IFSC Codes system has been developed by Reserve Bank of India in order to facilitate transfer payements within banks in India. IFSC Codes are also known as IFS Codes. IFSC Codes or IFS Codes are required for the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems. IFSC Codes uniquely identifies each bank branch participating in the online Payment and settlements in India.

    IFSC Code is formed of 11 characters in following system:

    • First four characters in the IFSC Code from left depicts bank code. In the case of INDIAN OVERSEAS BANK the first four characters from left IOBA indicates that it is INDIAN OVERSEAS BANK.
    • 5th Character from left in the IFSC code has been reserved for future use and till then has to be 0
    • 6th to 11th Characters from left in the IFSC Code has to be assigned to the branches of the bank located in India. In the case of SION EAST of INDIAN OVERSEAS BANK last 6 characters 000542 has been assigned to SION EAST located in the city of MUMBAI at address :PL NO 6, SALVATION ARMY BLDG, GROUND FLOOR, SION ROAD, SION EAST, MUMBAI - 400022.
    • Note: Many Banks print IFSC Codes on the cheque Books issued to their customers. Banks also publish their branches IFSC Codes on their websites. You can cross check the IFSC Codes published on this site before using them to be sure that you are using correct IFSC Codes for transferring payments.

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