IFSC Code of Indian Overseas Bank, Tamil Nadu, Chennai, Teynampet

IOBA0000698

Indian Overseas Bank

Indian Overseas Bank

IFSC Code

IOBA0000698
MICR Code

600020013
Bank Name Indian Overseas Bank
District Chennai
State Tamil Nadu
Address Labour Welfare Board B, Dms Office Campus, Teynampet, Chennai - 600 006
Phone 24335359

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the Indian Overseas Bank Branch Near You

List of all Indian Overseas Bank Branch IFSC Code

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
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 is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine 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.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed 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

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

Latest Blog Posts