Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Makavarapalem Branch in Andhra Pradesh
Indian Overseas Bank Makavarapalem Branch is situated in Vishakhapatnam, Andhra Pradesh
IFSC Code for Indian Overseas Bank Makavarapalem Branch, Vishakhapatnam
IOBA0002603
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002603
- Bank MICR Code: NA
- Bank Address: No 235By5 Ramaraopeta Makavarapalem Visakapatnam 531113
- Bank Branch: Makavarapalem
- Bank District: Vishakhapatnam
- Bank State: Andhra Pradesh
- Bank City: Narsipatnam
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