Indian Overseas Bank BSR code figures should be reported correctly and legibly. Overwriting of figures should be avoided. Only one code or figure should be recorded in a column against each account. sikkal Overseas Bank officials submits the return to the Head/Zonal/Regional Office. The head office of IOB Bank sends the branch wise TDS/TCS returns to the Department of Statistical Analysis and Computer Services of the Reserve Bank.
BSR fund transfer relates to bank credit. Each branch/office sikkal of a IOB Bank is required to submit the report of TDS/TCS return to the Reserve bank of India as on 31st March. The bank credit required to be reported comprises cash credits, overdrafts, loans and inland bills purchased and discounted, foreign bills purchased and discounted.