Indian Overseas Bank IFSC Code IOBA0002312

Indian Overseas Bank – PAYAKARAOPETA

IFSC Code: IOBA0002312

MICR Code: 533020202

Branch: PAYAKARAOPETA

Bank: Indian Overseas Bank

Address: DOOR NO 13 5 6,MAIN ROAD,OPP CHITRAM,PAYAKARAOPETA 531126

District: VISHAKHAPATNAM

State: ANDHRA PRADESH

Contact: 252294

Indian Financial System Code (IFSC): IOBA0002312

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 002312. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 533020202

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.