Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Madhira Branch in Andhra Pradesh
Indian Overseas Bank Madhira Branch is situated in Khammam, Andhra Pradesh
IFSC Code for Indian Overseas Bank Madhira Branch, Khammam
IOBA0002161
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002161
- Bank MICR Code: NA
- Bank Address: 1 7 First Floor,R.V.Complex,Potti Sreeramulu Chowrastha,Madhira,Pin 507203
- Bank Branch: Madhira
- Bank District: Khammam
- Bank State: Andhra Pradesh
- Bank City: Madhira
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