Indian Overseas Bank IFSC Code IOBA0001737

Indian Overseas Bank – DERABASSI

IFSC Code: IOBA0001737

MICR Code: 160020008

Branch: DERABASSI

Bank: Indian Overseas Bank

Address: CHANDIGARHAMBALA NAT HIGHWAY,NEAR SUKHMANI INST OF ENG TECH,DERABASSI

District: PATIALA

State: PUNJAB

Contact: +914428584896

Indian Financial System Code (IFSC): IOBA0001737

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 001737. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 160020008

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.