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It is very important to find MICR code 500020020 of correct branch before initiating a NEFT or RTGS or IMPS transfer. Though all banks will have a mechanism to verify the MICR Code, Bank Branch, Account Type and Name and any mismatch will result in failed transaction!
The best and simplest place to verify 500020020 MICR code branch is the cheque book. Most banks now print MICR Codes on the cheque books. Also, your account pass book should have the MICR Code printed.
500020020 is the MICR Code for Saifabad branch of Indian Overseas Bank. This can be used for online funds transfer via NEFT, RTGS amd IMPS to Indian Overseas Bank account. The address of Saifabad branch is Office of dg&ig of police, hyderabad 500004, which is located in Hyderabad Urban District of Andhra Pradesh State.
In IOB Bank MICR Code, the first 4 characters (5000) represent the bank name, 5th character is 0 (ZERO), which is reserved for future use. The last 6 characters (0020) represent the Overseas Bank branch code.
Find more information on MICR Code 500020020 of Indian Overseas Bank Saifabad Branch MICR Code Hyderabad for NEFT transfer, RTGS transfer and IMPS transfer below:
*The MICR Code information presented above is for reference only. Please verify MICR Code 500020020 details before initiating any transaction!