Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Hyderabad Basheer Bagh Branch in Andhra Pradesh
Indian Overseas Bank Hyderabad Basheer Bagh Branch is situated in Hyderabad, Andhra Pradesh
IFSC Code for Indian Overseas Bank Hyderabad Basheer Bagh Branch, Hyderabad
IOBA0000583
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0000583
- Bank MICR Code: 500020004
- Bank Address: 3 5 822 By 5,Hyderguda,Hyderabad 500029
- Bank Branch: Hyderabad Basheer Bagh
- Bank District: Hyderabad
- Bank State: Andhra Pradesh
- Bank City: Hyderabad
About IFSC Codes in India
IFSC stands for Indian Financial System Code. It is a unique 11-digit alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI). It is used for electronic funds transfer using NEFT, RTGS, and IMPS.
Components of IFSC Code:
- First four characters: Bank code
- Fifth character: Always 0
- Last six characters: Branch identifier
About MICR Codes
MICR stands for Magnetic Ink Character Recognition and is printed on cheques to streamline processing.
- First three digits: City code
- Next three digits: Bank code
- Last three digits: Branch code