Address: ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003
District: ERODE
State: TAMIL NADU
Contact: 2265636
Indian Financial System Code (IFSC): IOBA0001859
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 001859. The last six characters denote the specific bank branch.
MICR Code (Magnetic Ink Character Recognition): 638020017
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.