Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Sneh Nagar Branch in Madhya Pradesh
Indian Overseas Bank Sneh Nagar Branch is situated in Indore, Madhya Pradesh
IFSC Code for Indian Overseas Bank Sneh Nagar Branch, Indore
IOBA0001505
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001505
- Bank MICR Code: 452020003
- Bank Address: 4 Scheme 47,Ratan Ganga,Near Sapnasangeet Cinema,Indore
- Bank Branch: Sneh Nagar
- Bank District: Indore
- Bank State: Madhya Pradesh
- Bank City: Indore
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