Select Branch for Indian Overseas Bank in New Delhi, Delhi

Choose a branch to view IFSC code and details

Branch
Cantonment

IOBA0000490

FLAT 101-1, 1 FLOOR, R.G.COMPLEX, PLOT 1, SECTOR 8, COMMUNITY CENTRE, ROHINI, NEW DELHI - 110085
Branch
Daryaganj

IOBA0000017

NO 5, NETHAJI SUBHASH MARG, DARYA GANJ, NEW DELHI 110002
Branch
Defence Colony

IOBA0000115

UNIT A - 19, MOOL CHAND SHOPPING COMPLEX RING ROAD, DEFENCE COLONY, NEW DELHI, PIN - 110024
Branch
Gole Market

IOBA0000840

101, BANGLA SAHIB ROAD, GOAL MARKET, NEW DELHI - 110 001
Branch
Golf Links

IOBA0000265

70, GOLF LINKS, NEW DELHI - 110003
Branch
Greater Kailash Ii

IOBA0000725

M 82, GREATER KAILASH PART II, NEW DELHI - 110048
Branch
Industrial Finance

IOBA0001205

D-28 29 Connaught place New Delhi-110001
Branch
JanakPuri

IOBA0000544

21, B1, COMMUNITY CENTRE, JANAKPURI, NEW DELHI - 110058
Branch
Janpath

IOBA0000065

F 47 MALHOTRA BUILDINGS, JANPATH, QUEENS WAY,NEW DELHI , PIN 110001.
Branch
Karol Bagh

IOBA0000035

10222 AND 10223, GURUDWARA ROAD, KAROL BAGH, NEW DELHI - 110005
Branch
Lok Kala Manch

IOBA0001498

20, LODI INSTITUTIONAL AREA, LODHI ROAD, NEW DELHI - 110003
Branch
Mansrover Garden

IOBA0001612

D 210 BY 211,RING RD,MANASAROVAR GARDEN,DELHI
Branch
Mayur Vihar

IOBA0001952

PLOT NO.7 SHRI DURGAJI COMPLEX,POCKET II PHASE I,MAYUR VIHAR DELHI PIN 110091
Branch
Model Town

IOBA0000288

G5, MODEL TOWN III, NEW DELHI - 110009
Branch
Naraina J J Colony

IOBA0000766

1 SHRI GURUSINGH SABHA JJ COLONY,BUDH NAGAR,NEW DELHI
Branch
Nehru Place

IOBA0000543

14-15, FARM BHAVAN, NEHRU PLACE, NEW DELHI - 110 019
Branch
New Delhi VikasPuri

IOBA0001617

G 33,GUPTA TOWER II,COMMUNITY CENTRE,VIKASPURI,NEW DELHI PIN 110018
Branch
New Rajinder Nagar

IOBA0000341

J 399 BY 400, NEW RAJINDER NAGAR, NEW DELHI 110060
Branch
Okhla Industrial Area

IOBA0001586

B 226,OKHLA INDUSTRIAL AREA,PHASE I,NEW DELHI
Branch
Parliament Street

IOBA0000762

10, JEEVAN DEEP BUILDING, PARLIAMENT STREET, NEW DELHI, PIN - 110 001
Branch
Paschim Vihar

IOBA0001495

A5 B,1 FLOOR,DDAMRKT,CHAUDRY BALBIRSINGH MARG,NEW DELHI
Branch
PitamPura

IOBA0001598

B 161,1 FLOOR,LOK VIHAR,PITAMPURA,DELHI
Branch
Prashanth Vihar

IOBA0001542

SECTOR 14,ROHINI NEW DELHI
Branch
Preet Vihar

IOBA0001305

NO 6, LOCAL SHOPPING CENTRE, PREET VIHAR PATPAR GANJ , NEW DELHI - 110092
Branch
Punjabi Bagh

IOBA0000687

1 BY 52, NORTH AVENUE ROAD, WEST PUNJABI BAGH, NEW DELHI - 110026
Branch
R K Puram

IOBA0000408

PALIKA BHAVAN, 1ST FLOOR, SECTOR 13, R.K.PURAM, NEW DELHI - PIN 110 066
Branch
Rajendra Place

IOBA0000442

2, RACHNA BULDG, 1 FLOOR, RAJENDRA PLACE, PUSA ROAD, PATEL NAGAR, NEW DELHI 110 008
Branch
Rajouri Garden

IOBA0000193

F-100,BALI NAGAR,NEW DELHI-110015
Branch
Rlpc Delhi

IOBA0003851

2, RAJENDRA PLACE, FIRST FLOOR, RACHNA BUILDING, PUSA ROAD, NEW DELHI
Branch
Rohini Brch

IOBA0001506

FLAT 101 1,1ST FLOOR,R G COMPLEX,COMM CENTRE,ROHINI,NEW DELHI
Branch
Roop Nagar

IOBA0000349

2 BY 7, ROOP NAGAR, NEW DELHI - 110007
Branch
Safdarjung Enclave

IOBA0000919

SHOP NO 19, B 2, SHOPPING CENTRE, SAFDARJUNG ENCLAVE, NEW DELHI - 110029
Branch
Shalimar Bagh

IOBA0001450

1 FLOOR,BLOCK B,POCKET F,SHALIMAR BAGH,DELHI
Branch
St Stephens Hospital

IOBA0001500

ST STEPHENS HOSP,TIS HAZARI DELHI
Branch
Tolstoy Marg

IOBA0000531

NO 7, PRAKASH DEEP BUILDING, TOLSTOY MARG, NEW DELHI - 110001
Branch
Vanasthali

IOBA0001534

V P SR SEC SCHOOL,MADHU VIHAR,PATPARGANJ
Branch
Vasant Vihar

IOBA0001599

F 75,POORVI MARG,VASANT VIHAR NEW DELHI
Branch
Yusuf Sarai

IOBA0001070

48,YUSUF SARAI,NEW DELHI

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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