Indian Overseas Bank IFSC Code IOBA0002573

Indian Overseas Bank – TARAOD

IFSC Code: IOBA0002573

MICR Code: 495020501

Branch: TARAOD

Bank: Indian Overseas Bank

Address: MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552

District: JANJGIRCHAMPA

State: CHHATTISGARH

Contact: +917817267701

Indian Financial System Code (IFSC): IOBA0002573

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 002573. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 495020501

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.