Indian Overseas Bank IFSC Code, MICR Code, Address, Contact Number for the Mugal Sarai Branch in Uttar Pradesh

Indian Overseas Bank Mugal Sarai Branch is situated in Chandauli, Uttar Pradesh

IFSC Code for Indian Overseas Bank Mugal Sarai Branch, Chandauli

IOBA0002859
  • Bank Name: Indian Overseas Bank
  • Bank Old IFSC Code: NA
  • Bank New IFSC Code: IOBA0002859
  • Bank MICR Code: 232020102
  • Bank Address:
    581 G T Road,Naibasti Mugal Sarai,Chandauli Dist 232101
  • Bank Branch: Mugal Sarai
  • Bank District: Chandauli
  • Bank State: Uttar Pradesh
  • Bank City: Chandauli

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