Indian Overseas Bank KARUMANDICHELLIPALAYAM

Indian Overseas Bank – KARUMANDICHELLIPALAYAM

IFSC Code: IOBA0000903

MICR Code: 638020006

Branch: KARUMANDICHELLIPALAYAM

Bank: Indian Overseas Bank

Address: 11, BHAVANI ROAD, KARUMANDICHELLIPALAYAM, PERUNDURAI PIN 638052

District: ERODE

State: TAMIL NADU

Contact: 220573

Indian Financial System Code (IFSC): IOBA0000903

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 000903. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 638020006

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.