Indian Overseas Bank IFSC Code IOBA0002118

Indian Overseas Bank – BANGALORESAMPAIGE ROAD

IFSC Code: IOBA0002118

MICR Code: 560020030

Branch: BANGALORESAMPAIGE ROAD

Bank: Indian Overseas Bank

Address: SWETHA MANSION, FIRST FLOOR, 483, 5TH CROSS, MALLESWARAM, BANGALORE PIN 560003

District: BANGALORE URBAN

State: KARNATAKA

Contact: 245440

Indian Financial System Code (IFSC): IOBA0002118

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 002118. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 560020030

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.