Indian Overseas Bank IFSC Code IOBA0002587

Indian Overseas Bank – ISNAPUR SME

IFSC Code: IOBA0002587

MICR Code: 500020048

Branch: ISNAPUR SME

Bank: Indian Overseas Bank

Address: PLOT 5,S NO 514,A MUTHANGI X ROADS,MUTHANGI 502319

District: MEDAK

State: ANDHRA PRADESH

Contact: +914428584896

Indian Financial System Code (IFSC): IOBA0002587

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 002587. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 500020048

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.