Select Branch for Indian Overseas Bank in Pune, Maharashtra

Choose a branch to view IFSC code and details

Branch
Alephata

IOBA0003219

NO 5,PUNE ROAD,NEAR JANSEVA PETROL PUMP,ALEPHATA,JUNNAR TK,PUNE 412411
Branch
Arm Pune

IOBA0002584

915 2,ARYABHUSHAN BHAVAN,FIRST FLOOR,FERGUSSON COLLEGE ROAD,DECCAN GYMKHANA,PUNE,411004
Branch
Armed Forces Medical College

IOBA0001831

ARMED FORCES MEDICAL COLLEGE CAMPU WANAWADI ROAD PUNE411040
Branch
Aundh

IOBA0000669

B 161 BY 162 SUPRIYA TOWERS NEW D P ROAD AUNDH PUNE PIN411007
Branch
Baner Road

IOBA0001993

S.NO 134,KIRLOSKAR BANGLOW,BANER ROAD,PUNE 411007
Branch
Baramati

IOBA0001903

S.N. 279 1 B PLOT NO. 4, BHIGWAN ROAD BARAMATI BARAMATI 413102
Branch
Boripardhi

IOBA0003629

176 BY 1,DHAYEGUDEWADI,CHOFULA,BORIPARDHI,PUNE SHOLAPUR HIGHWAY,TALUKA DAUND,DIST PUNE 412203
Branch
Chakan

IOBA0002742

293, NANEKAR WADI, NEAR MANIK CHOWK, SIVAJI NAGAR PUNE 411004
Branch
Dahanukar Colony

IOBA0001992

PLOT NO 175,CTS,NO 646,S.NO 26,ANURADHA APARTMENTS,KOTHRUD,PUNE 29
Branch
Deccan Gymkhana

IOBA0001984

915 BY 2 SHIVAJI NAGAR,ARYA BHUSHAN BHAVAN,F C ROAD,PUNE 411004
Branch
Gokhale Park

IOBA0001991

S NO 6,KAKADE CORNER,COMMERCIAL COMPLEX,NEAR GOKHALE PARK,CHINCHWAD,PUNE 411033
Branch
Hinjewadi

IOBA0001793

SHRI VITHALA SHOPPING COMPLEX OPP KPIT CUMMINS,SHIVAJI CHOWK PUNE HINJEWADI PIN 411057
Branch
IndaPur Sacb

IOBA0003059

168 BY 1,JANAI HEIGHTS,MAHATMA PHULE ROAD,INDAPUR TK,INDAPUR 413106
Branch
Karve Road

IOBA0001989

43 BY 21 ERANDAWANE,KARVE ROAD,PUNE 4
Branch
Magarpatta Pune

IOBA0002257

MADHAV BUNGALOW,HADAPSAR MUNDWA ROAD,MAGARPATTA,HADPSAR,PUNE,PIN 411028
Branch
Nigdi

IOBA0001694

SECTOR 26,PRADHIKARAN NIGADI,PUNE PIN 411044
Branch
Pimpri Chinchwad

IOBA0001229

SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE
Branch
Pune

IOBA0000153

23, MAHALAKSHMI CHAMBERS, BUDHWAR PETH, APPA BALWANT CHOWK, PUNE- 411002
Branch
Pune Contonment

IOBA0000722

PLOT NO 7, WONDER LAND, MAHATMA GANDHI ROAD, CANTONMENT, PUNE - 411001
Branch
Punekirkee

IOBA0001794

KHADKI RANGE HILL GATE PUNE PIN 411020
Branch
Punerasta Peth

IOBA0002106

YMCA BUILDING, QUARTER GATE, 382, NEW RASTA PETH, PUNE411011
Branch
Punesinhagad Road

IOBA0002996

KUDALE BAUG,SINHAGAD ROAD,PUNE411051,MAHARASHTRA
Branch
R O Pune

IOBA0002256

759 BY 51,DECAN GYMKHANA,FERGUSSON COLLEGE ROAD,PUNE,PIN 411004,MAHARASHTRA
Branch
Sacb Otur

IOBA0003134

232 BRAHMANWADA ROAD,OTUR PO,PUNE DT
Branch
Sahakar Nagar

IOBA0001990

PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009
Branch
Sortapwadi

IOBA0003324

SORTAPWADI FATA,NAYAGAON PO,HAWELI TK,SORTAPWADI,412110
Branch
Specialised Sme Bhosari

IOBA0002741

MAHALAXMI TOWERS,S NO 211 CTS NO 1041 TO 1060 PUNE NASIK ROAD,BHOSARI PIN 411039,PUNE,MAHARASHTRA
Branch
Tilak Road Pune

IOBA0001985

2035 BY 2 SADASHIV PETH,TILAK ROAD,PUNE 30
Branch
Wakad

IOBA0003965

VARAD RESIDENCY, PLOT NO 73/1A, NEAR ROYAL GRANDE, KASTURI CHOWK, BHUMKAR NAGAR, WAKAD, PUNE - 411057

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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