Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Mangalore Bunder Branch in Karnataka
Indian Overseas Bank Mangalore Bunder Branch is situated in Dakshin Kannad, Karnataka
IFSC Code for Indian Overseas Bank Mangalore Bunder Branch, Dakshin Kannad
IOBA0000054
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0000054
- Bank MICR Code: 575020001
- Bank Address: 41 By 1,Azizuddin Road,Bunder,Mangalore Pin 575001
- Bank Branch: Mangalore Bunder
- Bank District: Dakshin Kannad
- Bank State: Karnataka
- Bank City: Mangalore
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