Indian Overseas Bank ERAL

Indian Overseas Bank – ERAL

IFSC Code: IOBA0001866

MICR Code: 627020063

Branch: ERAL

Bank: Indian Overseas Bank

Address: 52 IST FLOOR, MAIN BAZAAR, SOOSAIAPPER STREET, ERAL 628801

District: TOOTHUKUDI

State: TAMIL NADU

Contact: 270370

Indian Financial System Code (IFSC): IOBA0001866

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 001866. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 627020063

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.