Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Koranattu Karuppur Branch in Tamil Nadu
Indian Overseas Bank Koranattu Karuppur Branch is situated in Salem, Tamil Nadu
IFSC Code for Indian Overseas Bank Koranattu Karuppur Branch, Salem
IOBA0001216
- Bank Name: Indian Overseas Bank
- Bank Old IFSC Code: NA
- Bank New IFSC Code: IOBA0001216
- Bank MICR Code: 612020012
- Bank Address: 5 By 12371 Madina Street,Koranattu Karuppur,Pin 612501
- Bank Branch: Koranattu Karuppur
- Bank District: Salem
- Bank State: Tamil Nadu
- Bank City: Karuppur I&Ii
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