Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Nellore Magunta Layout Branch in Andhra Pradesh
Indian Overseas Bank Nellore Magunta Layout Branch is situated in Nellore, Andhra Pradesh
IFSC Code for Indian Overseas Bank Nellore Magunta Layout Branch, Nellore
IOBA0002627
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0002627
- Bank MICR Code: NA
- Bank Address: Flat No 853 D No 24 7 48 Mini Bypass Road Annamaiah Circle Magunta Layout Nellore 517502
- Bank Branch: Nellore Magunta Layout
- Bank District: Nellore
- Bank State: Andhra Pradesh
- Bank City: Nellore
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