Select Branch for Indian Overseas Bank in Vishakhapatnam, Andhra Pradesh

Choose a branch to view IFSC code and details

Branch
Akkayyapalem

IOBA0001915

DRBPATTABHI,SITARAMAYYA,MARG,DWARKA,NAGAR,VISAKHAPATNAM,530016
Branch
Ananthavaram

IOBA0000726

MAIN ROAD ANANTHAVARAM MIMMIDIVARAM MANDAL PIN 533222
Branch
AtchuthaPuram

IOBA0001090

3 83 MAIN ROAD ACHUTHAPURAM PIN 531011
Branch
Buchaipeta

IOBA0001168

VIA VADDADI BUCHAIPETA MANDAL BUCHAIPETA PIN 531121
Branch
Gajuwaka

IOBA0001648

7-15-15 BY 1, UPSTARIS OF P.O., OLD GAJUWAKA, VISAKHAPATNAM, 530026
Branch
Gullepalle

IOBA0002562

NO 87 BY 21,GROUND FLOOR,GULLEPALLE,A P 531035
Branch
Kirlampudi Layout

IOBA0002385

KIRLAMPUDI LAYOUT,DOOR 7 1 75 BY 1,GROUND FLOOR,CHINNA WALTAIR,VISAKHAPATNAM,530003
Branch
Madhurawada Visakhapatnam

IOBA0002196

MIDHILAPURI VUDA COLONY,MADHURAWADA,VISAKHAPATNAM,PIN 530041,DIST VISHAKHAPATNAM
Branch
Makavarapalem

IOBA0002603

NO 235BY5 RAMARAOPETA MAKAVARAPALEM VISAKAPATNAM 531113
Branch
Market Yard Anakapalle

IOBA0001650

MAIN ROAD,ANAKAPALLE,PIN 531002
Branch
Nad Junction

IOBA0001939

58 1 23 BY 1 MARRIPALEM ROAD,GROUND FLOOR NEAR NAD JUNCTION VISAKHAPATNAM PIN 530009
Branch
Nakkapalle

IOBA0000294

3 96 2GRAND TRUNK ROADNAKKAPALLE PIN531081
Branch
Payakaraopeta

IOBA0002312

DOOR NO 13 5 6,MAIN ROAD,OPP CHITRAM,PAYAKARAOPETA 531126
Branch
PrahladaPuram

IOBA0002908

OLD DORR NO,50 96 4,PLOT NO 229,VISWA TEJA NEST,SEETHAMMADHARA,A P
Branch
R O Visakhapatnam

IOBA0002010

DOOR NO 13 26 2,APURUPA ARCADE,MAHARANIPET,VISAKHAPATNAM PIN CODE 530002
Branch
Rajapulova

IOBA0000948

RAJAPULOVA MANDAL VIA CHITTIVALASA RAJAPULOVA PIN 531166
Branch
RamPuram

IOBA0000870

RAMPURAM VIA PENDURTHI PENDURTHI MANDAL, RAMPURAM PIN 531173
Branch
Saripalli

IOBA0001651

SARIPALLI,PENDURTHY MANDAL,SARIPALLI,PIN 531173
Branch
Seethammadhara

IOBA0002910

229 GROUND FLOOR VISHWATEJA NEFT SEETHAMMADHARA 530013
Branch
Sme Visakapatnam Kurmannapalem

IOBA0002605

D NO 31 42 1 KURMANNAPALEM MAIN ROAD DUVVADDA ROAD VISAKAPATNAM 500046
Branch
Sujatha Nagar Visakhapatnam

IOBA0003179

D NO 10 44,SUJATHA NAGAR PENDURTHI,VISAKHAPATNAM 530051
Branch
Vaddadi

IOBA0000371

2 212 GVR COMPLEX, CHODAVARAM ROAD BUTCHIAHPETA,VADDADI 531026
Branch
Visakhapatnam

IOBA0000121

47-15-12, STATION ROAD, DWARAKA NAGAR, VISAKHAPATNAM - 530016
Branch
Visakhapatnam Jagadambha Centre

IOBA0001446

28 1 1 BY 2, DABA GARDENS, VISAKHAPATNAM PIN 531020
Branch
Visakhapatnam Jaggu Junction

IOBA0002606

NO HIG 157,SANATHANAGAR,VUDA COLONY,VIZAG,VISHAKAPATNAM,ANDHRA PRADESH
Branch
Visakhapatnammadhavadhara

IOBA0002145

SATYA VIJAYAM PLAZA, 39 33 94 BY 1, MADHAVADHARA, VUDA LAYOUT, VISAKHAPATNAM PIN 530007
Branch
Visakhapatnamvuda

IOBA0001649

VUDA COMPLEX SIRIPURAM VISAKHAPATNAM PIN 530003

What are Indian Overseas Bank IFSC Codes?

The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.

The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.

How to Read the Structure of the Indian Overseas Bank IFSC Code

The IFSC code is an 11-character code consisting of three distinct elements:

  • First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
  • Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
  • Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.

Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.

How to Locate an Indian Overseas Bank IFSC Code

Locating an IFSC code is relatively straightforward and can be done using any of the following methods:

  • Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
  • Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
  • Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
  • Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
  • Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
  • RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.

Importance of IFSC Code in Fund Transfers

The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:

  • NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
  • RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
  • IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
  • Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.

Benefits of Using IFSC Code

Here are the main benefits of IFSC codes you must know:

  • Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
  • Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
  • Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.

Procedure to Perform Indian Overseas Bank Fund Transfer Using IFSC Code

Fund transfer using an IFSC code is a simple yet vital process:

  • Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
  • Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
  • Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
  • Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
  • Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.

How to Open a Indian Overseas Bank Bank Account

Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:

Eligibility Criteria

  • Any citizen over 18 years old is eligible to open a bank account.
  • In the case of minors, parents or guardians can open an account on their behalf.
  • Non-residents are also eligible, provided they fulfill certain conditions established by the banks.

Required Documents

  • Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
  • Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
  • PAN Card: A PAN card is required for tax compliance.
  • Passport Size Photographs: Usually, two to three recent photographs are needed.
  • Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.

Process to Open an Account

  • Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
  • Fill Out the Form: Complete the account opening form with your personal information.
  • Submit Documents: Provide documents verifying your identity and address.
  • Initial Deposit: Make an initial deposit if required by the specific type of account.
  • Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
  • Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.

Loan EMI Calculator: Importance and Types

For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.

Loan Calculators

  • Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
  • Loan Calculator Vehicle: Assists in determining monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.

EMI Calculators

  • EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator Us: Tailored for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 Years: Estimates returns over a 15-year period.
  • PPF Calculator 30 Years: Projects returns over a 30-year period.

Conclusion

An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.

Frequently Asked Questions (FAQs)

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.

The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.

You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.

Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.

In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.

No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.

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