Indian Overseas Bank IFSC Code IOBA0002854

Indian Overseas Bank – GADAG

IFSC Code: IOBA0002854

MICR Code: 582020002

Branch: GADAG

Bank: Indian Overseas Bank

Address: TONTADARYA COMPLEX,TONTADARYA MATH ROAD,DIST GADAG,KARNATAKA 582101

District: GADAG

State: KARNATAKA

Contact: +914428584896

Indian Financial System Code (IFSC): IOBA0002854

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 002854. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 582020002

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.