Indian Overseas Bank IFSC Code IOBA0000309

Indian Overseas Bank – KAGALWADI

IFSC Code: IOBA0000309

MICR Code: 571020551

Branch: KAGALWADI

Bank: Indian Overseas Bank

Address: 119 MAIN ROAD,KAGALWADI,PIN 571117

District: CHAMARAJANAGAR

State: KARNATAKA

Contact: +918226232179

Indian Financial System Code (IFSC): IOBA0000309

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 000309. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 571020551

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.