Indian Overseas Bank IFSC Code IOBA0002414

Indian Overseas Bank – DEWAS

IFSC Code: IOBA0002414

MICR Code: 455020001

Branch: DEWAS

Bank: Indian Overseas Bank

Address: TILAK NAGAR,A B ROAD DEWAS,DEWAS DISTRICT MADHYA PRADESH STATE SUBHADRA HOUSE,11

District: DEWAS

State: MADHYA PRADESH

Contact: 253400

Indian Financial System Code (IFSC): IOBA0002414

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 002414. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 455020001

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.