Select Branch for Indian Overseas Bank in Madurai, Tamil Nadu

Choose a branch to view IFSC code and details

Branch
Anuppanadi

IOBA0002545

VELAMMAL VILLAGE, RING ROAD, NEAR CHINTHAMANI TOLL GATE, ANUPPANADI, MADURAI - 625009
Branch
Aravind Eye Hospital

IOBA0001868

ARAVIND EYE HOSPITAL BUILDING, KURUVIKARAN SALAI, ANNA NAGAR, MADURAI - 625 020
Branch
Arignar Anna Nagar

IOBA0000651

PLOT NO 40, 80FEET ROAD, ARIGNAR ANNA NAGAR, MADURAI - 625 020
Branch
Arm Madurai

IOBA0002659

PLOT NO 40, 80FEET ROAD, ARIGNAR ANNA NAGAR, MADURAI - 625 020
Branch
AvaniaPuram

IOBA0000300

AHAMADULLA STREET,AVANIAPURAM PIN 612107
Branch
Chokkikulam

IOBA0000018

NO 12, OCPM SCHOOL ROAD, KAMARAJ NAGAR - II STREET, CHINNA CHOKKIKULAM, MADURAI - 625 002
Branch
Cumbum

IOBA0000176

560, HAMEED MERIDIAN 1ST FLOOR, LF ROAD, CUMBUM PIN 626516
Branch
District Court Madurai

IOBA0001867

DISTRICT COURT BUILDING, MADURAI - MELUR MAIN ROAD, RACE COURSE COLONY, MADURAI - 625 002
Branch
Eighty Feet Road Branch Kk Nagar

IOBA0002133

PLOT NO- 431, PUMPING STATION ROAD, 9TH STREET, K K NAGAR EAST, MADURAI - 625020
Branch
Kadachanendal

IOBA0001250

NO 80-B, ALAGAR KOIL MAIN ROAD KATHAKINAR VILLAGE, KADACHANENDAL - 625 107
Branch
Koodal Nagar

IOBA0001664

SATHANGAI COMPLEX, NO- 3/4, PALAMEDU MAIN ROAD, KOODAL NAGAR, MADURAI 625 018
Branch
Kottampatti

IOBA0003902

SURVEY NO 244/2C2,PATTA NO 1499,NEAR TO KOTTAMPATTI BUS STAND,KOTTAMPATTI,MELUR TALUK,MADURAI 625103
Branch
Madurai

IOBA0000049

NO 127, ST. MARYS CAMPUS, EAST VELI STREET, MADURAI - 625 001
Branch
Madurai Bullion Bazaar

IOBA0000667

NO 251/B/79, SOUTH AVANI MOOLA STREET, BULLION BAZAAR, MADURAI - 625 001
Branch
Madurai Bye Pass Road

IOBA0001580

NO- 198, BYE PASS ROAD, CHANDRAKANTHI NAGAR, MADURAI 625 010
Branch
Madurai K Pudur

IOBA0000898

NO 115, ALAGAR KOVIL MAIN ROAD, K PUDUR, MADURAI - 625 007
Branch
Madurai Kamarajar Salai

IOBA0001339

OLD NO- 214/1, NEW NO- 326/1, KAMARAJAR SALAI, MADURAI - 625 009
Branch
Madurai Meenakshi College

IOBA0001757

SRI MEENAKSHI GOVT. ARTS COLLEGE FOR WOMEN, KALPALAM ROAD, GORIPALAYAM, MADURAI - 625 002
Branch
Madurai Melur

IOBA0001490

NO- 21 & 22, MILL ROAD, MELUR - 625 106
Branch
Madurai N V Street

IOBA0000314

DOOR NO 21, FIRST FLOOR, ST. JOHN BUILDING, NORTH VADAMBOKKI STREET, MADURAI - 625 001
Branch
Madurai NarayanaPuram

IOBA0001663

G.K TOWER COMPLEX, NO- 18 AND 19, NEW NATHAM ROAD, RESERVE LINE BUS STOP,NARAYANAPURAM 625014
Branch
Madurai Teppakulam

IOBA0001614

NO- 161, NIRMALA GIRLS HIGHER SECONDARY SCHOOL, KAMARAJAR SALAI,TEPPAKULAM, MADURAI - 625009
Branch
Madurai VisalakshiPuram

IOBA0001340

NO - 27, POST AND TELEGRAPH NAGAR, VISALAKSHIPURAM, MADURAI - 625 014
Branch
Maduraichatrapatti

IOBA0002090

NEW NATHAM ROAD, CHATRAPATTI, MADURAI - 625014
Branch
Maduraimadurai Medical College

IOBA0001714

MADURAI MEDICAL COLLEGE, PANAGAL ROAD, ALWARPURAM, MADURAI - 625 020
Branch
Maduraiwest Avani Moola Street

IOBA0002077

NO-47-48, DR SARALA PRASAD COMPLEX, WEST TOWER STREET, MADURAI - 625001
Branch
ManiNagaram

IOBA0001699

40 MANINAGARAM MAIN ROAD,MADURAI 1
Branch
Palanganatham

IOBA0003296

NO 51, TPK ROAD, VASANTHA NAGAR, PALANGANATHAM, MADURAI - 625 003
Branch
Paravai

IOBA0002880

NO 6, AMMAN KOIL STREET, PARAVAI, MADURAI - 625 402
Branch
Perungudi Madurai

IOBA0002879

NO 2/175, PERUNGUDI MAIN ROAD, PERUNGUDI, MADURAI - 625 022
Branch
R O Madurai

IOBA0000804

PLOT NO 40, 80FEET ROAD, ARIGNAR ANNA NAGAR, MADURAI - 625 020
Branch
Rajagamberam

IOBA0003531

NO 2/988-A3, FIRST FLOOR, AVR COPMPLEX, OTHAKADAI -THITUMOGUR MAIN ROAD, MADURAI - 625107
Branch
Rapid Retail Center

IOBA0003023

3 BY 26 P AND T NAGAR ROAD VISALAKSHIPURAM MADURAI 625014
Branch
Silaiman

IOBA0002768

FIRST FLOOR, LATHIEF COMPLEX, OPP. POST OFFICE, MADURAI ROAD, SILAIMAN - 625 201
Branch
South Masi Street

IOBA0001338

NO 36, SOUTH MASI STREET, MADURAI - 625 001
Branch
Tiruchirapalli Contonment

IOBA0000093

215, MADURAI ROAD, CANTONMENT, TIRUCHIRAPALLI - 620001
Branch
Valayapatti

IOBA0002551

3 BY 1D SRI VELAVAN COMPLEXTTRICHY MAIN ROAD VALAYAPATTI 637020

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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