Indian Overseas Bank IFSC Code IOBA0001642

Indian Overseas Bank – KOLKATASECTOR V SALT LAKE

IFSC Code: IOBA0001642

MICR Code: 700020049

Branch: KOLKATASECTOR V SALT LAKE

Bank: Indian Overseas Bank

Address: GN 34 BY 2 SECTOR V IIEM CAMPUS NEAR AURORA STUDIO SALT LAKE KOLKATA PIN 700091

District: KOLKATA

State: WEST BENGAL

Contact: 22412525

Indian Financial System Code (IFSC): IOBA0001642

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 001642. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 700020049

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.