Indian Overseas Bank – BEGUM BAZAAR
IFSC Code: IOBA0000336
MICR Code: 500020005
Branch: BEGUM BAZAAR
Bank: Indian Overseas Bank
Address: 15 7 257 I FLOOR,BEGUM BAZAAR,HYDERABAD
District: HYDERABAD
State: ANDHRA PRADESH
Contact: 23468815
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Indian Overseas Bank BEGUM BAZAAR
Indian Financial System Code (IFSC): IOBA0000336
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 000336. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 500020005
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.
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