Writing oxidation numbers of all the atoms,
0I2++1Na−2O+1H→+1Na+5I−2O3++1Na−1I++1H2−2O
The Ox. no. of iodine has increased as well as decreased
0I→Na+5IO3 .......(i)
0I→Na−1I .......(ii)
Increase in Ox. no. of I=5 units per I atom
Decrease in Ox. no. of I=1 unit per I atom
Eq. (ii) should be multiplied by 5 as to make increase and decrease equal.
3I2→NaIO3+5NaI
To balance Na, 6 molecules of NaOH should be added on LHS.
3I2+6NaOH→NaIO3+5NaI
To balance hydrogen and oxygen, 3H2O should be added on RHS. Hence, the balanced equation is
3I2+6NaOH→NaIO3+5NaI+3H2O.