Indian Overseas Bank IFSC Code IOBA0001298

Indian Overseas Bank – BANASHANKARI II STAGE

IFSC Code: IOBA0001298

MICR Code: 560020002

Branch: BANASHANKARI II STAGE

Bank: Indian Overseas Bank

Address: 356 24TH B CROSS,9TH MAIN RD,BANASHANKARI II STAGE,BANGALORE

District: BANGALORE URBAN

State: KARNATAKA

Contact: 22950128

Indian Financial System Code (IFSC): IOBA0001298

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 001298. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 560020002

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.