Indian Overseas Bank MUMBAISANPADA

Indian Overseas Bank – MUMBAISANPADA

IFSC Code: IOBA0001502

MICR Code: 400020049

Branch: MUMBAISANPADA

Bank: Indian Overseas Bank

Address: SEC 3 CIDCO ADMINISTRATION BUILDING SANPADA EASTNAVI MUMBAI PIN 400705

District: GREATER BOMBAY

State: MAHARASHTRA

Contact: 27758422

Indian Financial System Code (IFSC): IOBA0001502

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 001502. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 400020049

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.