What is the full form of IFSC? Why is IFSC used? Can anyone misuse my bank account number? No, it is not possible for anyone to misuse your bank account with by knowing the bank account number.
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Indian Overseas Bank has an in-house Information Technology department that is ISO certified, that has developed the software to provide online banking facility to its customers. Having net banking facility is very helpful. It allows transferring money from your account to any other account with ease.
The transfer of money can be done to the same Banks branch or other branch or even other bank. However, furnishing correct information is essential such as the account holders name, Bank branch and IFSC code. How to transfer money from iob to other bank online In order to transfer money from iob to other bank online, you must add the beneficiary or Payee account details, if it is for the first time.
To start, you may login in using your id and password, go to select remittances and add the payee details. After adding beneficiary follow these steps: A Indian Overseas Bank to Other Bank Money Transfer Transfer of money from iob to other bank online is possible easily if the payee is already added.
For this you may follow these steps: Pay from: it means credit account — just select your own account. Sender information: Remark Anything. Amount: Enter the amount in rupees. After this, you will receive one time pin in your registered mobile number. Enter OTP and complete the ongoing transaction. Select debit and credit account, remarks something for both.
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