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Indian Overseas Bank codes for Punjab are provided in the table alongside. Details including address and contact numbers for the IOB Bank Punjab branches are also provided. These details will help you to verify the code with respective banks before the actual transaction. One can further search by branch name specified in the table. You can find bank BSR code of all Overseas Bank Punjab branches.
It should be ensured that all figures in IOB Bank Punjab BSR code, while filing the returns, are reported correctly and legibly. Overwriting of figures should be avoided. At the aggregate level, figures may be compared with the figures of the previous year. This may help us in detecting any erroneous reporting. Only one code/figure should be recorded in a column against each account. Punjab Overseas Bank officials responsible for submitting the return, should study these instructions carefully and check the return before its dispatched to the Head/Zonal/Regional Office, who in turn should send the branch wise BSR-1 returns to the Department of Statistical Analysis and Computer Services of the Reserve Bank.
Bank BSR fund transfer for Indian Overseas Bank Punjab branches comprises of bank credit. IOB Bank branch/office is required to submit this return to the Reserve bank of India as on 31st March every year. The bank credit required to be reported in TDS/TCS return report comprises cash credits, overdrafts, also loans and inland bills purchased and discounted, foreign bills purchased and discounted.