Indian Overseas Bank IFSC Code IOBA0002198

Indian Overseas Bank – SILVASSA

IFSC Code: IOBA0002198

MICR Code: 396020111

Branch: SILVASSA

Bank: Indian Overseas Bank

Address: HOTEL SONPARI COMPLEX,FIRST FLOOR,SILVASSA VAPI ROAD,

District: DADRA&NAGAR HAVELI

State: DADRA AND NAGAR HAVELI AND DAMAN AND DIU

Contact: 2640688

Indian Financial System Code (IFSC): IOBA0002198

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 002198. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 396020111

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.