What is the IFSC code for MICR 500020024?

The IFSC code for Indian Overseas Bank Mehdipatnam branch (MICR: 500020024) is IOBA0001713. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (500) represent the city/clearing centre, the next 3 digits (020) identify the bank, and the last 3 digits (024) identify the specific branch. For 500020024, the city code is 500, bank code is 020, and branch code is 024.

Indian Overseas Bank Mehdipatnam (IOB)

Q: Which bank does MICR code 500020024 belong to?

MICR code 500020024 belongs to Indian Overseas Bank, Mehdipatnam branch, located at 122422 by 4 Priya Colony, Gudi Malkapur, Mehdipatnam, Hyderabad PIN 500028, Hyderabad, Andhra Pradesh. The corresponding IFSC code is IOBA0001713.

Mehdipatnam · Hyderabad, Andhra Pradesh

New search

500020024

500020024 is the MICR code for the Mehdipatnam branch of Indian Overseas Bank, located in Hyderabad, Andhra Pradesh. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code IOBA0001713.

Bank

Indian Overseas Bank

Branch & Address

Mehdipatnam

122422 by 4 Priya Colony, Gudi Malkapur, Mehdipatnam, Hyderabad PIN 500028

Hyderabad, Hyderabad, Andhra Pradesh

Contact

28174633

Codes for this Branch

MICR (cheques)

500020024

IFSC (online transfers)

IOBA0001713

View

MICR Code Structure

500

City

020

Bank

024

Branch

City code 500 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 024 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Indian Overseas Bank (IOB) branches near Hyderabad

Abids Hyderabad, Andhra Pradesh IOBA0001616 Adarsh Nagar Hyderabad, Andhra Pradesh IOBA0001301 Asset Recovery Management Branch Hyderabad, Andhra Pradesh IOBA0002582 Bachupally Hyderabad, Andhra Pradesh IOBA0003736 Bagh Amberpet Hyderabad, Andhra Pradesh IOBA0003401 Banjara Hills Hyderabad, Andhra Pradesh IOBA0002220

Other banks in Hyderabad, Andhra Pradesh

A.P. Mahesh Co-operative Urban Bank 28 branches AU Small Finance Bank 14 branches Axis Bank 94 branches Bandhan Bank 15 branches Bank of Bahrein and Kuwait 2 branches Bank of Baroda 56 branches Bank of India 41 branches Bank of Maharashtra 13 branches

About MICR Codes

What is a MICR code used for?

MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.

MICR vs IFSC — when do I use which?

Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (IOBA0001713) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.

Where is the MICR code on a cheque?

The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 500020024 is in the middle, and your account number is on the right.

View full branch details for IFSC IOBA0001713