Indian Overseas Bank IFSC Code IOBA0003296

Indian Overseas Bank – PALANGANATHAM

IFSC Code: IOBA0003296

MICR Code: 625020076

Branch: PALANGANATHAM

Bank: Indian Overseas Bank

Address: 46 TPK ROAD,PALANGANATHAM MADURAI 625003

District: MADURAI

State: TAMIL NADU

Contact: +914428584896

Indian Financial System Code (IFSC): IOBA0003296

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 003296. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 625020076

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.