Indian Overseas Bank – CIVIL LINES – LUDHIANA
IFSC Code: IOBA0000446
MICR Code: 141020004
Branch details
Address: FOUNTAIN CHOWK,CIVIL LINES,LUDHIANA
District: LUDHIANA
City: LUDHIANA
State: PUNJAB
Contact: 2449530
How to Use IFSC Code ‘IOBA0000446’ for Bank Transfers
IOBA0000446 is the IFSC code for the Canara Bank Secunderabad Army Ordnance Corps Centre branch. The IFSC is used to identify the beneficiary bank branch for electronic fund transfers such as NEFT and RTGS.
NEFT
To send money through NEFT, enter the beneficiary’s:
- Account holder name
- Bank account number
- IFSC code: IOBA0000446
- Bank name: Canara Bank
- Branch name: Secunderabad Army Ordnance Corps Centre
Make sure the account number and IFSC are correct before confirming the transaction. RBI guidance emphasizes the importance of providing correct beneficiary account details.
RTGS
RTGS can be used for eligible high-value transfers. Canara Bank states that customer RTGS transactions are available from ₹2 lakh and above.
Enter IOBA0000446 as the beneficiary’s IFSC when your bank asks for the branch IFSC.
IMPS
IMPS can be used for instant bank transfers when supported by your bank. When adding a beneficiary, enter the correct Canara Bank account number and IFSC where your banking app requires it.
How to Verify IOBA0000446 Before Transferring Money
Before making a transfer:
- Confirm that the IFSC is IOBA0000446.
- Check that the bank name and branch match the beneficiary’s details.
- Carefully verify the account number.
- Confirm the beneficiary name shown by your banking application, where available.
- If you have any doubt, verify the details with the beneficiary or Canara Bank before sending money.
Important: An incorrect account number can result in funds being credited incorrectly. RBI guidance says the account number is relied upon for crediting the beneficiary, so it should be checked carefully.
Indian Financial System Code (IFSC): IOBA0000446
The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).
- The first four characters represent the bank name.
- The fifth character is always ‘0’ and is reserved for future use.
- Branch Code 000446. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 141020004
The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.
