Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Bagalkot Branch in Karnataka
Indian Overseas Bank Bagalkot Branch is situated in Bagalkote, Karnataka
IFSC Code for Indian Overseas Bank Bagalkot Branch, Bagalkote
IOBA0002407
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002407
- Bank MICR Code: 587020102
- Bank Address: Belgaum Raichur Road Bagalkote Pin 587001 Durga Daya Building Near Bus Stand Kinnigoli
- Bank Branch: Bagalkot
- Bank District: Bagalkote
- Bank State: Karnataka
- Bank City: Bagalkot
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