Which bank does MICR code 500020047 belong to?

MICR code 500020047 belongs to Indian Overseas Bank, Hyderabad Kphb branch, located at Road no 4 Kphb Kukatpalli Hyderabad 500072, Hyderabad, Andhra Pradesh. The corresponding IFSC code is IOBA0003027.

What is the IFSC code for MICR 500020047?

The IFSC code for Indian Overseas Bank Hyderabad Kphb branch (MICR: 500020047) is IOBA0003027. 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 (047) identify the specific branch. For 500020047, the city code is 500, bank code is 020, and branch code is 047.

Indian Overseas Bank Hyderabad Kphb (IOB)

Hyderabad Kphb · Hyderabad, Andhra Pradesh

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500020047

500020047 is the MICR code for the Hyderabad Kphb 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 IOBA0003027.

Bank

Indian Overseas Bank

Branch & Address

Hyderabad Kphb

Road no 4 Kphb Kukatpalli Hyderabad 500072

Hyderabad, Hyderabad, Andhra Pradesh

Contact

+914428584896

Codes for this Branch

MICR (cheques)

500020047

IFSC (online transfers)

IOBA0003027

View

MICR Code Structure

500

City

020

Bank

047

Branch

City code 500 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 047 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 (IOBA0003027) 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 500020047 is in the middle, and your account number is on the right.

View full branch details for IFSC IOBA0003027