Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Veepanagandla Branch in Andhra Pradesh
Indian Overseas Bank Veepanagandla Branch is situated in Mahbubnagar, Andhra Pradesh
IFSC Code for Indian Overseas Bank Veepanagandla Branch, Mahbubnagar
IOBA0000861
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0000861
- Bank MICR Code: NA
- Bank Address: 1 20,Main Road Veepangandla,,Kollapur Mandal Veepangandla Pin 509105
- Bank Branch: Veepanagandla
- Bank District: Mahbubnagar
- Bank State: Andhra Pradesh
- Bank City: Veepangandla
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