INDIAN OVERSEAS BANK IFSC CODE

The Reserve Bank of India always allots IFSC codes. Only the head office of the RBI has the authority to generate it. The RBI also has complete data about the records of all the IFSC codes of all the banks. Similarly, Indian Overseas Bank has its IFSC code registered with the RBI. The IFSC code helps transfer funds online and offers several facilities to the customers. The balance transfer can be done in the form of NEFT, RTGS and IMPS. Further, the IFSC code helps in knowing the source and destination of banks.

Indian Overseas Bank IFSC Code Structure 

IFSC codes are unique and specific. These codes are a combination of the bank branch and the bank’s name. There are a total of 11 alphanumeric digits. The first four digits represent the bank name, the fifth digit is zero, and the last six represent the bank’s branch. The fifth digit zero is known as control. It is used for future reference if the number of bank branches increases over the years.

For example, the IFSCcode IOBA0001436 represents the first four digits as the bank’s name, the fifth digit is zero, and the last six digits represent the bank branch’s address. The address associated with this IFSC code is Dm 15, Dakshin Marg, DLF Qutub Enclave, Phase II, Gurgaon – 122002.

How to Find Indian Overseas Bank IFSC Code?

Finding the IFSC code of Indian Overseas banks is relatively easy. You can either find your bank branch’s IFSC code online or offline. To look offline, you can check your passbook or cheque leaf provided by the bank to all of its account holders. Another method is to simply visit the Indian Overseas Bank nearest branch in your area.

To check the Indian Overseas bank IFSC code online, you can visit the bank’s website or check the list of IFSC codes of all banks from the official website of the Reserve Bank of India.