Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Medchal Branch in Andhra Pradesh
Indian Overseas Bank Medchal Branch is situated in Rangareddy, Andhra Pradesh
IFSC Code for Indian Overseas Bank Medchal Branch, Rangareddy
IOBA0002177
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002177
- Bank MICR Code: 500020039
- Bank Address: Door No.1136 Nh 7,Medchal Main Road Medchal Pin 501401
- Bank Branch: Medchal
- Bank District: Rangareddy
- Bank State: Andhra Pradesh
- Bank City: Medchal
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