Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Kaniyur Branch in Karnataka
Indian Overseas Bank Kaniyur Branch is situated in Dakshin Kannad, Karnataka
IFSC Code for Indian Overseas Bank Kaniyur Branch, Dakshin Kannad
IOBA0000032
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0000032
- Bank MICR Code: 642020104
- Bank Address: 4 By 6A, Shanmugam Buildings, Main Road, Kaniyur Pin 642203
- Bank Branch: Kaniyur
- Bank District: Dakshin Kannad
- Bank State: Karnataka
- Bank City: Kaniyur(Udumelpet Tq)
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