Select Branch for Indian Overseas Bank in Erode, Tamil Nadu

Choose a branch to view IFSC code and details

Branch
Anthiyur

IOBA0002469

I FLOOR,M J HOSPITAL CAMPUS,95 BY 3,ANNA SALAI,ANTHIYUR 638501
Branch
Arasur

IOBA0002505

5 BY 156,A,NAMBIYUR ROAD,ARASUR POST,SATHY,TN 638454
Branch
Athani Erode

IOBA0002824

192,S.A.B MAIN ROAD,ATHANI,ERODE 638502
Branch
Avalpoonthurai

IOBA0002316

40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115
Branch
Bannari Amman Pura Branch

IOBA0001829

ALATHUKOMBAI SATHYAMANGALAM638401
Branch
Bhavani

IOBA0002867

MKS MAYURA COMPLEX,GROUND FLOOR,OPP.NEW BUSSTAND,METTUR ROAD,638151
Branch
Brahmadesam

IOBA0000792

KOSA STREET,BRAHMADESAM CHEYYAR TALUK BRAHMADESAM PIN 632511
Branch
Chennempatti

IOBA0001020

34A MAIN ROAD CHENNEMPATTI,BHAVANI TALUK CHENNEMPATTI PIN 638504
Branch
Chennimalai

IOBA0002672

6BY47 UTHUKULI ROAD CHENNIMALAI 638051
Branch
Dasappa Goundenpudur

IOBA0000683

42, SATHI ATHANI ROAD DASAPPA GOUNDEN PUDUR PIN 638503
Branch
District Court Branch

IOBA0001825

DISTRICT COURT CAMPUS, ERODE638011
Branch
Doddampalayam

IOBA0001093

10 BY 15A MAIN ROAD,SATHYAMANGALAM TALUK ,DODDAMPALAYAM ,PIN 638451
Branch
Erode

IOBA0000025

931, PARK RD, ERODE
Branch
Erode Sampathnager

IOBA0001627

368 BY 2 SF NO 162 BY 1 NASIYANUR ROAD NARAYANAVALASU ERODE 638011
Branch
Erode Arts College Branch

IOBA0001854

ERODE ARTS COLLEGE CAMPUS,CHENNIMALAI ROAD,RANGAMPALAYAM,ERODE
Branch
Erode Fort ThiruNagar Colony

IOBA0001345

164 BY 3, GROUND FLOOR, MUTHUMARIAMMAN KOIL ST, THIRUNAGAR COLONY,ERODE PIN 638003
Branch
Erode Periasemur

IOBA0001346

21, SATHY MAIN ROAD,PERIASEMUR,VEERAPPAN CHATRAM, PIN 638004
Branch
Erodemoolapalayam

IOBA0002096

141 A, POONDURAI ROAD, MOOLAPALAYAM, ERODE PIN 638002
Branch
Gingee Fort Road

IOBA0001356

2 BY 232C TINDIVANAMTIRUVANNAMALAI MAINROAD SATHYAMANGALAM PIN 604153
Branch
Gobichettipalayam

IOBA0001823

196 A CUTCHERY STREET ,SATHY MAIN ROAD GOBICHETTIPALAYAM PIN 638452
Branch
Guruvareddiyur

IOBA0000799

4 BY 94 HIGH SCHOOL ROAD GURUVAREDDIYUR PIN 638504
Branch
Jambai

IOBA0000844

7,SATHY ROAD,JAMBAI,BHAVANI TALUK,JAMBAI,PIN 638312
Branch
Jawahar Bazaar

IOBA0001861

MUNICIPAL COMPLEX,AZAD ROAD,KARUR,PIN 639001
Branch
Kalingarayapalayam

IOBA0002317

NO 5 BY 351,KAVINDAPADY ROAD,KALINGARAYANPALAYAM,BHAVANI 638301
Branch
Kangeyam

IOBA0001863

ERODE
Branch
Karumandichellipalayam

IOBA0000903

11, BHAVANI ROAD, KARUMANDICHELLIPALAYAM, PERUNDURAI PIN 638052
Branch
Karur Andankoil West

IOBA0002700

2BY58 COVAI MAIN ROAD,STAR SCHOOL CAMPUS,ANDANKOIL WEST,KARUR DIST 639002
Branch
Kavindapadi

IOBA0000198

711,ERODE RD,KAVINDAPADI, 638455
Branch
Kodumudi

IOBA0002868

SRL KALYANAMANDAPAM BUILDINGS,OPP.NEW BUS STAND,KODUMUDI 638151
Branch
Kolingivadi

IOBA0000535

157TS34 BY 1 SRI VINAYAGA PLAZA I FLOOR PALANI BYPASS ROAD,DHARAPURAM PIN 638656
Branch
Kollampalayam

IOBA0001594

KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002
Branch
Modachur

IOBA0000654

1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476
Branch
Modakurich

IOBA0002825

19,POONTHURAI ROAD,MODAKURICHI,ERODE 638104
Branch
Nallammai Nagar

IOBA0001561

RAMAKRISHNA NALLAMMAI,POLYTECHNIC NAGAR,KOVAI ROAD,DHARAPURAM,PIN 638656
Branch
Nambiyar

IOBA0002504

318,MAIN ROAD,NAMBIYAR,TN 638458
Branch
Nasiyanur

IOBA0002673

23BY27 THINGALUR ROAD NASIYANUR 638107
Branch
Nathakadaiyur

IOBA0003430

2 BY 340 BY 1,MUTHUR ROAD,NATHAKADAIYUR,TIRUPPUR DISTRICT 638108
Branch
Odathurai

IOBA0001066

MAIN ROAD ONGPALAYAM ODATHURAI PIN 638455
Branch
Panayampalli

IOBA0001069

2 BY 109 SATHY ILLAM,PANAYAMPALLI SATHYAMANGALAM TALUK PANAYAMPALLI PIN 638459
Branch
PeriyarNagar

IOBA0000834

H 33, III MAIN ROAD, PERIYAR NAGAR, ERODE - 638001
Branch
Perundurai Sipcot

IOBA0001832

SIPCOT INDUSTRIAL GROWTH CENTRE COIMBATORE MAIN ROAD PERUNDURAI638052
Branch
Poonachi

IOBA0001012

1 BY 85 ATTAVANAIPUDUR POONACHI,MUKASI PUDUR PO POONACHI PIN 638314
Branch
Punjaipuliampatti

IOBA0000137

5 BY 24A, JAWAHAR MAIN ROAD, PUNJAIPULIAMPATTI VIA ERODE, PIN 638459
Branch
R O Erode

IOBA0002014

POST BOX NO 1 DOOR NO 164 BY 3,MUTHUMARI AMMAN KOIL ST THIRUNAGAR COLONY ERODE 638003
Branch
Rajan Nagar

IOBA0001023

3 2 16 MAIN ROAD,RAJAN NAGAR VIA BHAVANISAGAR RAJAN NAGAR PIN 638451
Branch
Regulated Market Erode

IOBA0001859

ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003
Branch
Sathyamangalam

IOBA0000081

222, BAZAAR STREET, SATHYAMANGALAM, PIN 638401
Branch
Sivagiri

IOBA0002826

160BY1,2,3 LBS STREET,HOSPITAL ROAD,SIVAGIRI 638109
Branch
Surampatty

IOBA0001015

72, PERUNDURAI ROAD, SURAMPAATTI, ERODE PIN 638011
Branch
Thindal

IOBA0003416

1ST FLOOR,G.P.COMPLEX,GURUSAMY GOUNDER KALYANA MANDAPAM,PERUNDURAI R ERODE 638012
Branch
Ukkaram

IOBA0001014

22 F SATHY ROAD UKKARAM,SATHYAMANGALAM TK UKKARAM PIN 638401
Branch
Uthukuli

IOBA0002714

10 SOUTH CAR STREET,UTHUKULI,TIRUPPUR DIST 638751
Branch
Vadamugam Vellode

IOBA0001347

ANNA TEX BLG,CHENNIMALAI ROAD,VADAMUGAM VELLODE PIN 638112
Branch
Vasudevanallur

IOBA0002870

10,VARTHAGA SANGAM BUILDING,MANDAI VINAYAGAR KOVIL STREET,VASUDEVANALLUR,TIRUNELVELI 627758
Branch
Vellakoil

IOBA0001086

MUTHUR ROAD,VELLAKOIL,KANGEYAM TALUK,VELLAKOIL,PIN 638111
Branch
Vellankoil

IOBA0000615

5 BY 64 V R G BLDG,,SIRUVALAR ROAD GOPI TALUK VELLANKOIL PIN 638054
Branch
VijayaPuri

IOBA0002789

486BY487,SRI KUMAR COMPLEX,UTHUKULI ROAD,VIJAYAMANGALAM,ERODE 638056

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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