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It is very important to find MICR code 500020005 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 500020005 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.
500020005 is the MICR Code for Begumbazar 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 Begumbazar branch is 15-7-257, i floor, begum bazar, hyderabad 500012, 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 (0005) represent the Overseas Bank branch code.
Find more information on MICR Code 500020005 of Indian Overseas Bank Begumbazar 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 500020005 details before initiating any transaction!