Select Branch for Indian Overseas Bank in Chennai, Tamil Nadu
Choose a branch to view IFSC code and details
Adambakkam
IOBA0000612
19, GROUND FLOOR, KARUNEEGAR STREET, ADAMBAKKAM, CHENNAI - 600088
Adyar
IOBA0000002
NO 12, SARDAR PATEL ROAD, ADAYAR, CHENNAI - 600020
Ambattur Industrial EState
IOBA0000196
PLOT NO 96, SOUTH PHASE, II MAIN ROAD, AMBATTUR INDUSTRIAL ESTATE, CHENNAI - 600058
Aminjikarai
IOBA0000005
OLD 248, 409, POONAMALLE HIGH ROAD, AMINJIKARAI, CHENNAI 600029
Anna Nagar
IOBA0000270
F - 46, FIRST AVENUE, EAST ANNA NAGAR, CHENNAI - 600 102
Arumbakkam
IOBA0001036
OLD 539, 1063, EVR4 PERIYAR HIGH ROAD, ARUMBAKKAM, CHENNAI 600106
Ashok Ngr
IOBA0000463
9 DR NATESAN RD, ASHOK NAGAR,CHENNAI
Ayanavaram
IOBA0000009
150, KONNUR RD, AYANAVARAM, CHENNAI
B Rdway
IOBA0001307
62,PRAKASAM SALAI,B RD WAY,CHENNAI
Besant Nagar
IOBA0000258
E 140 B, 3 RD MAIN ROAD, BESANT ROAD, CHENNAI - 600090
Cathedral
IOBA0000109
762, IOB BUILDINGS, ANNASALAI, CHENNAI - 600002
Centralised Pension Processing Centre
IOBA0009069
CENTRAL OFFICE - IOB, ANNEXE BUILDING, 1ST FLOOR, 763, ANNA SALAI CHENNAI - 600002
Chennai Maduravoyal
IOBA0001658
9 CHOKKANADAR STREET KARTHIKEYA NAGAR MADURAVOYAL602102
Chennai Pallavan Salai
IOBA0001741
PALLAVAN HOUSE PALLAVAN SALAI CHENNAI PIN 600002
Chennai Vhs
IOBA0001744
VHS CAMPUS I T CORRIDOR TARAMANI CHENNAI PIN 600113
Chennai Apollo Hospital
IOBA0001675
APOLLO HOSPITAL CHENNAI
Chennai Avadi
IOBA0000008
229,NEW MILITARY ROAD,AVADI CHENNAI PIN600054
Chennai Car Street
IOBA0003493
NO13/25 CAR STREET,TRIPLICANE,CHENNAI-600005
Chennai Chintadripet
IOBA0000118
95,ARUNACHALA NAICKEN ST,CHINTADRIPET,CHENNAI PIN 600002
Chennai Injambakkam
IOBA0001625
PRARTHANA BEACH DRIVE IN THEATRE COMPLEX, EAST COAST ROAD, CHENNAI
Chennai Mint
IOBA0003257
72 23 NORTH MADA STREET ECR ROAD THRIUVANMIYUR CHENNAI 600041
Chennai Pammal
IOBA0000164
66 C,PAMMAL MAIN ROAD,PAMMAL CHENNAI 600075
Chennai Perambur
IOBA0000167
75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011
Chennai Shenoy Nagar
IOBA0002738
OLD NO 12,NEW NO 28,8TH CROSS,SHENOY NAGAR,CHENNAI 600030
Chennai Velachery Taramani Link
IOBA0002813
2BY16 KENNEDY STREET THANGAI PERIYAR NAGAR CHENNAI 600113
Chennai Vyasarpadi
IOBA0000394
3,II CROSS ROAD,MAHAKAVIBHARATHI NAGAR,VYASARPADI,CHENNAI 600039
Chennaibrindavan Nagar
IOBA0002119
PLOT NO 40,41,SHOW WALLACE COLONY, BRINDAVAN NAGAR, 3RD MAIN ROAD, ADAMBAKKAM,CHENNAI 600088
Chennaicorporation Of Chennai
IOBA0001711
28, 1 FLOOR, RIPPON BUILDING, SYDENHAMS ROAD, CHENNAI PIN 600003
Chennaigandhi Nagar
IOBA0001635
58 4 TH MAIN ROAD GANDHI NAGAR ADAYAR CHENNAI PIN 600020
Chennaigemini Circle
IOBA0002051
KARUNAI KUDIL, NEW NO 297, CATHEDRAL ROAD, CHENNAI600086
Chennaigeorge Town
IOBA0002053
CATHOLIC CENTRE, N NO 108, ARMENIAN STREET, GEORGE TOWN, CHENNAI PIN 600001
Chennaigowrivakkam
IOBA0001787
SC COL, VELACHERY TAMBARAM ROAD, GOWRIVAKKAM CHENNAI601302
Chennaihaddows Road
IOBA0002095
PRINCE TOWERS, N NO 53, COLLEGE ROAD, NUNGAMBAKKAM, CHENNAI PIN 600006
Chennaiiv Main Road Anna Nagar
IOBA0002075
PLOT NO 4035, V BLOCK, DOOR NO 83, 4TH MAIN ROAD, ANNA NAGAR, CHENNAI600040
Chennaijafferkhanpet
IOBA0002097
S 11, JAWARHAL NEHRU ROAD, ASHOK NAGAR, CHENNAI600083
Chennaikalakshetra Colony
IOBA0002082
NO 103, M G RAMACHANDRAN ROAD, KALAKSHETRA COLONY, BESANT NAGAR, CHENNAI 600090
Chennaikoyambedu
IOBA0001665
NEW 21 BY OLD 8 KALIAMMAN KOIL STREET KOYAMBEDU PIN 600097
Chennaimogappaiar
IOBA0001695
PLOT C6, BLOCK 10, PARI SALAI, MOGAPPAIR EAST, AMBATTUR CHENNAI PIN 600037
Chennainolambur
IOBA0002139
4 BY 11, MOGAIPPAIR WEST , CHENNAI PIN 600037
Chennaiperambur
IOBA0001662
125 THULASINGAM STREET PERAMBUR CHENNAI PIN 600011
Chennaispencers Plaza
IOBA0001633
135 H GROUND FLOOR PHASE III SPENCER PLAZA 769 ANNASALAI CHENNAI PIN 600002
Chennaitn Cricket Association
IOBA0001791
MA CHIDAMBARAM STADIUM, AG RAM SINGH GATE, BELLS ROAD, CHEPAUK, CHENNAI600005
Chennaivandalur
IOBA0001657
COLLEGE CAMPUS SEETHA ESTATE G S T ROAD VANDALUR CHENNAI 600048
Chennaivenkatnarayana Road
IOBA0001691
31, VENKATANARAYANA ROAD, OPP TIRUMALA TIRUPATHI DEVASTHANAM, CHENNAI PIN 600017
Choolai
IOBA0000245
22, EX SERVICEMENS WELFARE,SYDENHAMS ROAD, CHENNAI - 600003
Choolaimedu
IOBA0001308
222,CHOOLAIMEDU HIGH RD,FIRST FLOOR,CHOOLAIMEDU,CHENNAI
Chrompet
IOBA0001641
7 C L C WORKS ROAD NEW COLONY, CHROMPET, CHENNAI 600044
College Road
IOBA0001423
DPI CAMPUS, COLLEGE ROAD, CHENNAI 600 006
Commercial And Instl Credit
IOBA0001046
98-A, EUROS CORPORATE CENTRE, DR RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI - 600004
Digital Banking Department
IOBA0VAN005
763,ANNASALAI,DBD, CENTRAL OFFICE
Digital Banking Department
IOBA0VAN006
763,ANNASALAI,DBD, CENTRAL OFFICE
Digital Banking Department
IOBA0VAN007
763,ANNASALAI,DBD, CENTRAL OFFICE
Dr M G R Medical University
IOBA0001679
40 ANNA SALAI,GUINDY,CHENNAI-600032
Dr Radhakrishnan Salai
IOBA0000291
32, DR RADHAKRISHNAN SALAI, CHENNAI - 600004
Drbccch College Pattabiram
IOBA0001706
M T H ROAD, DRB C C C HINDU COLLEGE, DHARMA MURTHY NAGAR, PATTABIRAM, CHENNAI600072
E C R Road Thiruvanmiyur
IOBA0003262
73 23 NORTH MADA STREET ECR ROAD THIRUVANMIYUR CHENNAI 600041
East Mada Street
IOBA0001083
38, EAST MADA STREET, MYLAPORE, CHENNAI 600004
Egmore
IOBA0000522
58A, I FLOOR, PANTHEON ROAD, EGMORE, CHENNAI - 600008
Ekkatuthangal
IOBA0001085
PLOT NO 32, DEFENCE OFFICERS COLONY, EKKATUTHANGAL , CHENNAI -600097
Esplanade
IOBA0000048
NO 7, CHENNAI HOUSE, ESPLANADE, CHENNAI - 600 018
Financial Inclusion Department
IOBA0009084
763, ANNA SALAI, CHENNAI 600002
General Admn Dept
IOBA0009011
762,763 ANNA SALAI,CHENNAI 600 002
Gill Nagar
IOBA0002319
37 BY 15 KAMARAJ NAGAR IV STREET,CHOOLDIMEDU,CHENNAI 600 094
Indian Overseas Bank
IOBA0VAN004
763,ANNASALAI,DBD,CENTRAL OFFICE
Indira Nagar
IOBA0000876
PLOT NO 28, FIRST AVENUE, INDIRA NAGAR, CHENNAI - 600 020
Iob Credit Card - Neft
IOBA00CARDS
763 ANNA SALAI INDIAN OVERSEAS BANK CREDIT CARD SECTION CHENNAI 600002
Kambar Colony Chennai
IOBA0002811
65 THIRUMANGALAM ROAD VILLIVAKKAM CHENNAI 600049
Keelambakkam
IOBA0001860
CHETTINAD HOSPITAL AND RESEARCH CENTR RAJIV GANDHI SALAI KELAMBAKKAM 603103
Keelkattalai
IOBA0001677
HOLY FAMILY CONVENT MA GANESH NAGAR, KEELKATTALAI, CHENNAI PIN 600117
Kellys
IOBA0002921
98,IST STREET,A K SWAMY NAGAR,KILPAUK,CHENNAI 600 010
Kilpauk
IOBA0000571
477, KILPAUK GARDEN ROAD, KILPAUK , CHENNAI - 600010
Kodambakkam
IOBA0000038
292, ARCOT ROAD, KODAMBAKKAM , CHENNAI - 600 024
Kolathur
IOBA0001893
12 AND 13 SIVANANDA NAGAR,200 FEET ROAD,KOLATHUR,CHENNAI,PIN 600009
KotturPuram
IOBA0002819
34 ELLAIAMMANKOIL STREET KOTTURPURAM CHENNAI 600085
Kumaran Kundram
IOBA0001656
KUMARAN KUNDRAM CHROMPET NEHRU NAGAR CHENNAI PIN 600044
Kunrathur
IOBA0000160
1 A, VELLALA STREET, KUNRATHUR, CHENNAI
Loyola College Chennai
IOBA0001712
LOYOLA COLLEGE CAMPUS ,NUNGAMBAKKAM ,CHENNAI-600034
M C C Campus
IOBA0000191
295, MCC CAMPUS, VELACHERY ROAD, TAMBARAM EAST, CHENNAI 600059
Madhavaram Chennai
IOBA0002363
382 I FLOOR MADHAVAM REDHILLS ROAD,MADHAVARAM,CHENNAI 60 PIN 600060
Maduvankarai
IOBA0001790
49 VANDIKARAN ST MADUVANKARAI GUINDY CHENNAI600032
MahalingaPuram
IOBA0000482
NO 5, SCHEME ROAD, MAHALINGAPURAM, CHENNAI - 600034
Medavakkam
IOBA0001822
4 BY 653, A ESSAR PLAZA, KAMARAJ GARDEN, MEDAVAKKAM, CHENNAI601302
Meenambakkam
IOBA0000170
134, COLLEGE ROAD, PAZHAVANTHANGAL, CHENNAI - 600114
Mgr Nagar
IOBA0003508
1 NEW NO 17/1 DR MGR COMPLEX, ANNA MAIN ROAD,MGR NAGAR , CHENNAI - 600078
Mmda Nagar
IOBA0001310
B-5, WATER TANK ROAD, MMDA NAGAR, CHENNAI 600106
Moovarasanpet
IOBA0003567
76 MGR ROAD, MOOVARASANPET, CHENNAI-600061
Mount Road
IOBA0000058
807, ANNA SALAI, CHENNAI - 600 002
Muthialpet
IOBA0000305
230, THAMBU CHETTY STREET, CHENNAI - 600001
Mylapore
IOBA0000060
177, LUZ, CHURCH ROAD, MYLAPORE, CHENNAI - 600004
Nandanam
IOBA0002922
NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035
Nanganallur
IOBA0001592
27, II MAIN ROAD, RAM NAGAR, NANGANALLUR, CHENNAI 600106
Nazarathpettai
IOBA0000606
197 BY 4 A AND B,BANGALORE TRUNK RD,NAZARATHPETTAI
Nehru Park
IOBA0000306
872, POONAMALLE HIGH ROAD, CHENNAI - 600 084
Nesapakkam
IOBA0001312
778, S.K. APARTMENTS, MUNUSWAMY SALAI, WEST K.K. NAGAR, CHENNAI 600078
Nungambakkam
IOBA0000183
109, NUNGAMBAKKAM HIGH ROAD, NUNGAMBAKKAM, CHENNAI - 600 034
Padmaseshadri Bal Bhavan
IOBA0001492
11, PSBB SCHOOL COMPLEX, ALAGIRISAMY SALAI, K.K. NAGAR, CHENNAI 600078
PeriarNagar Secretariat
IOBA0001084
7 BY A-42, KARTHIKEYAN SALAI, PERIAR NAGAR, CHENNAI - 82, PIN 600082
Personnel Administration Dept
IOBA0009002
762 763 ANNA SALAI MOUNT ROAD,CHENNAI 600 004
Peters Road
IOBA0000334
90, PETERS ROAD, ROYAPETTAH, CHENNAI - 600 014
Porur
IOBA0001566
WS INDUSTRIES LTD, MOUNT POONAMALLEE HIGH ROAD, PORUR, CHENNAI PIN 600116
Purasawalkam
IOBA0000075
15, HUNTERS ROAD, DOVETOWN, CHENNAI - 600112
R K Nagar
IOBA0000641
9, SRINGERI MUTT ROAD, R.K. NAGAR, CHENNAI 600028
R O Chennai I
IOBA0000803
POST BOX NO 2417 DOOR NO 807,OPP TO LIC BLDG ANNA SALAI,I FLOOR CHENNAI PIN CODE 600002
R O Chennai Ii
IOBA0002001
POST BOX NO 5237 DOOR NO NIL,807,ANNA SALAI 6TH FLOOR OPP TO LICBUILDING MADRAS 600002
Raja AnnamalaiPuram
IOBA0002923
NO 14 SHREYAS VIRAT,III CROSS STREET,R.A.PURAM CHENNAI 600028 CHENNAI I TAMIL NADU
Rajaji Bhavan
IOBA0001687
A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090
RangarajaPuram
IOBA0001313
21-A, THAMBIAH REDDY ROAD AEXTN. WEST MAMBALAM, CHENNAI 600033
RoyaPuram
IOBA0000673
90, MANNARSWAMY KOIL STREET, ROYAPURAM, CHENNAI 600013
Saidapet
IOBA0000307
84, NANADA FLATS, KARANEESWARAR KOIL STEET, SAIDAPET , CHENNAI - 600015
SaliGramam
IOBA0000676
7 C, ARUNACHALAM ROAD, SALIGRAMAM, CHENNAI - 600093
Santhome
IOBA0000108
128 ARCH BISHOP ARULLAPPA TOWERS, SANTHOME HIGH ROAD, CHENNAI 600004
Secretariat
IOBA0001172
SECRETARIAT COMPLEX, FORT ST GEORGE, CHENNAI - 600009
Sme Kilpauk
IOBA0001288
20, ORMES RD, KILPAUK, CHENNAI
Sowkarpet
IOBA0000086
143, NSC BOSE ROAD, SOWCARPET, CHENNAI - 600 079
Specilized Nri Chennai
IOBA0002267
SHRI MAHALAKSHMI,3RD STREET,HABIBULLA ROAD,T.NAGAR,CHENNAI17,PIN 600017,DISTCHENNAI
Sri Ram Nagar
IOBA0000479
135, TTK ROAD, SRIRAM NAGAR, ALWARPET, CHENNAI - 600018
Ssi Guindy
IOBA0001447
10, TANSTIA BUILDING, G.S.T. ROAD, THIRU VI.KA. INDL. ESTATE, GUINDY, CHENNAI 600032
St Thomas Mount
IOBA0001581
41, MAIN ROAD, ST. THOMAS MOUNT, CHENNAI 600016
Startup Branch - Chennai
IOBA0003839
IOB BUILDINGS, 762, ANNA SALAI, CHENNAI - 600002
Station Road Chromepet
IOBA0001880
13 BY 1 NAIDU SHOP ROAD, RADHA NAGAR, CHROMEPET, CHENNAI 600044
Stella Maris College
IOBA0001688
TELLA MARIS COLLEGE CAMPUS, CATHEDRAL ROAD,CHENNAI - 600086
T Nagar
IOBA0000091
116, THIAGARAYA ROAD, T.NAGAR, CHENNAI 600 017
Tambaram
IOBA0000087
130 B, BBR TOWERS, MUDICHUR ROAD, TAMBARAM , CHENNAI - 600045
Texco SriNagar Colony Chennai
IOBA0001643
2-E, WEST MADA STREET SRI NAGAR COLONY, SAIDAPET CHENNAI600015
Teynampet
IOBA0000698
LABOUR WELFARE BOARD B, DMS OFFICE CAMPUS, TEYNAMPET, CHENNAI - 600 006
Thiruvanmiyur
IOBA0000418
124, LATTICE BRIDGE ROAD, THIRUVANMIYUR, CHENNAI - 600041
Thiruvika Nagar
IOBA0003328
NO8 KUMARAN NAGAR IST CROSS STREETCHENNAI 600082
Thiruvottiyur High Rd
IOBA0001082
666, THIRUVOTTIYUR HIGH RD, THIRUVOTTIYUR, CHENNAI
Thiruvottiyur Market
IOBA0001253
84, SOUTH MADA STREET, THIRUVOTTIYUR, CHENNAI 600019
Tower
IOBA0000475
AC 56, 5 TH AVENUE, ANNANAGAR WEST, CHENNAI - 600040
Transaction Banking Dept
IOBA0009072
762,763 ANNA SALAI,CHENNAI 600001
Triplicane
IOBA0000098
55 NEW 11, BIG STREET, TRIPLICANE, CHENNAI - 600005
Tvs Colony Chennai
IOBA0002812
4BY951 TVS COLONY ANNA NAGAR WEST EXTN CHENNAI 600101
Ullagaram
IOBA0001482
5, SSI COLONY, SABAPATHY STREET, ULLAGARAM, CHENNAI
Valasaravakkam
IOBA0001738
55 ARCOT ROAD VALASARAVAKKAM CHENNAI PIN600087
Vallur
IOBA0001448
VALLUR PERMANENT CAMP NORTH CHENNAI THERMAL POWER STATION CHENNAI 120
Valluvar Kottam
IOBA0002274
1 VIDYODAYA SCHOOLS SOCIETY COMPLEX,THIRUMALAI ROAD,T NAGAR,CHENNAI 17,PIN 600017
ValmikiNagar
IOBA0001472
PL. NO. A1 HIG, DOOR NO. 14, NEW BEACH ROAD, TIRUVALLUVAR NAGAR, CHENNAI 600041
Velachery
IOBA0001296
15, 100 FEET BYPASS RD, NORTH VIJAYA NGR, VELACHERY, CHENNAI
Vepery
IOBA0002320
50 E V K SAMPATH ROAD,CHENNAI 600 007
Vijaya Hospital
IOBA0001685
180, N.S.K.SALAI,CHENNAI -600026
Villivakkam
IOBA0000546
43, STATION RD, VILLIVAKKAM, CHENNAI
Virugambakkam
IOBA0000289
25 A,M K TOWERS,ARCOT RD,VIRUGAMBAKKAM CHENNAI
Vivekananda House Chennai
IOBA0001681
SLUM CLEARANCE BOARD OFF COMPLEX ,AYODHYAKUPPAM,5,KAMARAJAR SALAI,CHENNAI-600005
Walltax Road
IOBA0000348
14, RAMANAN ROAD, OPP. TO ELEPHANT GATE POLICE STATION, CHENNAI 600079
Washermanpet
IOBA0000142
OLD 530 738,THIRUVOTTIYUR HIGH RD,WASHERMANPET,CHENNAI
West Cit Nagar
IOBA0000441
57, SOUTH USMAN ROAD, C I T NAGAR, FIRST MAIN ROAD, CHENNAI -600035
West Mambalam
IOBA0000868
16, THIRUVENGADAM STREET, WEST MAMBALAM, CHENNAI - 600033
Women Entrepreneurs Br
IOBA0001538
ETHIRAJ COLLEGE CAMPUS, ETHIRAJ ROAD C-IN-C ROAD, EGMORE, CHENNAI 600105
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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