Indian Overseas Bank IFSC Code IOBA0000554

Indian Overseas Bank – PITHAPURAM

IFSC Code: IOBA0000554

MICR Code: 533020562

Branch: PITHAPURAM

Bank: Indian Overseas Bank

Address: 10 1 3, MAIN ROAD, NEAR FORT GATE, PITHAPURAM PIN 533450

District: EAST GODAVARI

State: ANDHRA PRADESH

Contact: +918869251204

Indian Financial System Code (IFSC): IOBA0000554

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 000554. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 533020562

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.