Select Branch for Indian Overseas Bank in Greater Bombay, Maharashtra

Choose a branch to view IFSC code and details

Branch
Andheri

IOBA0000209

211 BY D, TRIVENI SHOPPERS STOP, SWAMI VIVEKANANDA ROAD, ANDHERI WEST, MUMBAI - 400058
Branch
Bandra West

IOBA0000128

273, TPSIII, RADHASWAMI APARTMENTS, 36TH ROAD, BANDRA WEST, MUMBAI - 400050
Branch
Bandup

IOBA0002186

UPPER GROUND FLOOR DREAMS THE MALL,LBS MRG,BHANDUP MUMBAI PIN 400078 DIST MUMBAI
Branch
Borivili West

IOBA0000584

RAJESH APARTMENTS,CHANDAVARKAR RD,BORIVILI WEST MUMBAI
Branch
Breach Candy

IOBA0000222

65 BY 67, MAZDA MANSION, BHULABHAI DESAI ROAD, BREACH CANDY, MUMBAI - 400026
Branch
Butibori

IOBA0002184

1ST FLOOR,MIDC PATNI AUTOMOBILE BLDG.WARDHA ROAD BUTIBORI PIN 441122 DIST NAGPUR
Branch
Chakala

IOBA0000756

PL 1 , OMEX CORNER, CHAKALA, ANDHERI WEST, MUMBAI - 400099
Branch
Dadar Mumbai

IOBA0001995

SHARASHRAM VIDYA MANDIR,DR. BHAVANISHANKAR DADARKAR MARG,DADAR WEST,MUMBAI 400028.
Branch
Delisle Road

IOBA0000388

316, PRAGATI INDL.ESTATE COMPOUND, NM JOSHI MARG, MUMBAI - 400011
Branch
Garodia Nagar

IOBA0000397

PLOT NO 167, 90 FEET ROAD, GARODIA NAGAR, GHATKOPAR EAST, MUMBAI - 400077
Branch
Ghatkopar

IOBA0000162

1, GULWALA BUILDING,JAWAHAR ROAD, GHATKOPAR EAST MUMBAI - 400077
Branch
Iskcon

IOBA0001245

HARE KRISHNA LANE, JUHU ROAD, JUHU, MUMBAI - 400049
Branch
Jogeshwari

IOBA0000330

PL NO 10, JOGESHWARI HOUSING SOC. HINDU FRIENDS SOC SCHEME, JOGESHWARI EAST, MUMBAI - 400060
Branch
Juhu

IOBA0000199

28, ASHOK NAGAR SOCIETY, NARSEE MONJEE ROAD, JUHU, MUMBAI - 400049
Branch
Koliwada Sion Mumbai

IOBA0001994

B BY 6 SARDAR NAGAR,NO 1 KOLIWADA EAST,SION,MUMBAI 400022
Branch
Koparkhairane

IOBA0001892

SHUBHAM,GALAXY CHS LTD KOPARKHAIRANE,NAVI MUMBAI,PIN 400709
Branch
Large Corporatemumbai

IOBA0002998

701,7TH FLOOR,NAMAN CORPORATE LINK,BANDRA KURLA COMPLEX,OPP DENA BANK,MUMBAI51
Branch
Mahim

IOBA0000051

378, SADHANA, LADY JAMSHEDJI ROAD, MAHIM, MUMBAI - 400016
Branch
Malad

IOBA0000973

NO 66, SILVER CROFT, MARVE ROAD, MALAD WEST, MUMBAI - 400064
Branch
Malad East Mumbai

IOBA0003500

UPPER GROUND FLOOR, SM LALL HOUSE, FILKA BUILDING,NEAR MALAD RAILWAY STATION, MALAD EAST,MUMBAI 400097
Branch
Mandvi

IOBA0000052

111 BY 115, GULABI HOUSE, KAZI SYED STREET, MANDVI, MUMBAI - 400003
Branch
Matunga

IOBA0000056

590, KAPOL NIWAS, DR AMBEDKAR ROAD, MATUNGA, MUMBAI - 400019
Branch
Mumbai Fort

IOBA0000014

2 BY 10 ELPHINSTONE BUILDING, VEERNARIMAN ROAD,HORNIMAN CIRCLE,FORT,MUMBAI - 400 023
Branch
Mumbai Kalyan

IOBA0000897

BAJRANG APARTMENTS,1 FLOOR,R P ROAD NEAR R T O WEST KALYAN PIN 421301
Branch
Mumbai Kandivali West

IOBA0002147

SIERRA TWRS,BLDING 14,SHOP NO 20,21,22,23,6THFLOOR,LAKHANDWALA TOWNSHIP,KANDIVALI EAST 400101
Branch
Mumbai Kandivili East

IOBA0001435

A 5 AND 6,THAKUR COMPLEX,CHAUDHARNAGAR,KANDIVLI EAST MUMBAI
Branch
Mumbai Medical Research Centre

IOBA0006522

MEDICAL RESEARCH CENTRE,MUMBAI HOSPITAL TRUST,12 B,NEW MARINE LINES,MUMBAI
Branch
Mumbai Wadala

IOBA0000431

20 BY 9, ARIHANT RAFI AHMED KIDWAI ROAD, WADALA, MUMBAI PIN 400031
Branch
Mumbaibudhkar Marg Worli

IOBA0002056

CENTURY STAFF BUILDING A, PANDURANG BUDHKAR MARG, WORLI, MUMBAI PIN 400030
Branch
Mumbaigoregaon

IOBA0002070

M7, BHANUMATHI CHS, BANGUR NAGAR, GOREGAON WEST, MUMBAI 400090
Branch
Mumbaisanpada

IOBA0001502

SEC 3 CIDCO ADMINISTRATION BUILDING SANPADA EASTNAVI MUMBAI PIN 400705
Branch
Nandjyot Indust EState

IOBA0000386

1 A, NANDJYOT INDUSTRIAL ESTATE, KURLA ANDHERI RD, MUMBAI
Branch
Opera House

IOBA0000140

393, NAAZ CINEMA COMPOUND, DADASAHEB BHADAKAMKAR MARG, OPERA HOUSE, MUMBAI - 400004
Branch
Pali Hill

IOBA0001132

FLAT NO 5,KIRAN TOWERS,NARGIS DUT RD,BANDRA WEST,MUMBAI
Branch
Parel

IOBA0003319

GR FLOOR TRUST HOUSE,35,AVENUE RD,DR E BORGES ROAD,PAREL,MUMBAI 400012 MAHARASTRA
Branch
R O Mumbai Metro

IOBA0000801

POST BOX NO 16082 DOOR NO NIL,MAKER TOWER E,V FLOOR CUFFE PARADE MUMBAI PIN CODE 400005
Branch
Regional Office Mumbai Ii

IOBA0002963

SHARDASHRAM VIDYAMANDIR DR.BHAVNISHANKAR DADARKAR MARG,DADAR W,MUMBAI 400028
Branch
Santa Cruz

IOBA0000247

26 A, HARIKRIPA, SWAMI VIVEKANANDA ROAD, SANTA CRUZ WEST, MUMBAI - 400054
Branch
Sion East

IOBA0000542

PL NO 6, SALVATION ARMY BLDG, GROUND FLOOR, SION ROAD, SION EAST, MUMBAI - 400022
Branch
Vashishivaji Chowk

IOBA0002110

SHOP NO 5 AND 6, PERSIPOLIS, PLOT NO 74, SECTOR 17, VASHI, NAVI MUMBAI PIN 400703
Branch
Ville Parle East

IOBA0000913

1 SHYAM KAMAL C BLDG,TEJPAL RD,VILLE PARLE EAST,MUMBAI
Branch
Worli

IOBA0000205

PLOT NO 132, KAKAD CHAMBERS, DR ANNE BESENT ROAD, WORLI, MUMBAI 400018

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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