Indian Overseas Bank Karingannur IFSC Code
Indian Overseas Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Karingannur
District
Ayoor
State
Kerala
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Frequently Asked Questions
About Indian Overseas Bank Karingannur (oyoor Chadayamangalam Block - 1157), Ayoor
The IFSC code IOBA0001157 (lowercase: ioba0001157) belongs to Indian Overseas Bank, specifically the Karingannur (oyoor Chadayamangalam Block - 1157) branch located in Ayoor, Kerala.
The 5th character in the IFSC code IOBA0001157 is a zero (0), not the letter 'O'. The correct format is IOBA0001157 (lowercase: ioba0001157), and not IOBAO001157. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Indian Overseas Bank Karingannur (oyoor Chadayamangalam Block - 1157) in Ayoor, Kerala is IOBA0001157. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Indian Overseas Bank Karingannur (oyoor Chadayamangalam Block - 1157) is located at Athira Karingannur,oyoor,chadayamangalam Block,karingannur 691510, Ayoor, Kerala. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Indian Overseas Bank Karingannur (oyoor Chadayamangalam Block - 1157) is 691020803. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code IOBA0001157 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code IOBA0001157 by checking: (1) The top-left corner of any Indian Overseas Bank Karingannur (oyoor Chadayamangalam Block - 1157) cheque leaf, (2) The first page of your Indian Overseas Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: IOBA0001157
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
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IOBA0001157
What Each Part Means
- Bank Code — IOBA
- The first 4 characters uniquely identify Indian Overseas Bank at the national level. Every branch of Indian Overseas Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 001157
- The final 6 characters 001157 uniquely identify this specific branch within the Indian Overseas Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | IOBA | Identifies Indian Overseas Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 001157 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Indian Overseas Bank
Karingannur (oyoor Chadayamangalam Block - 1157), Ayoor, Kerala
Cheque No.
00001157
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | IOBA0001157 | 691020803 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.