IFSC Code of Indian Overseas Bank, Shillong, Shillong, Meghalaya — IOBA0000541

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Indian Overseas Bank for its Shillong branch in East Khasi Hills, Shillong, Meghalaya, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Indian Overseas Bank located in East Khasi Hills or anywhere in Meghalaya can transfer funds instantly by using the correct IFSC Code IOBA0000541. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Overseas Bank, Shillong, East Khasi Hills

Below in the table are the key details related to IFSC Code IOBA0000541 of Indian Overseas Bank for its branch located in East Khasi Hills, within the district of Shillong in the state of Meghalaya.

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Overseas Bank in East Khasi Hills for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0000541 for the Shillong branch of Indian Overseas Bank has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Indian Overseas Bank located in Shillong, East Khasi Hills, Meghalaya, is provided a unique IFSC like IOBA0000541 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Indian Overseas Bank branch in East Khasi Hills.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like East Khasi Hills and Shillong.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Meghalaya and the rest of India, the IFSC Code ensures that transactions meant for Indian Overseas Bank in Shillong do not get misguided to another person.

Format of the IFSC Code IOBA0000541

The format of the IFSC Code for banks, including Indian Overseas Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In Indian Overseas Bank, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Shillong in East Khasi Hills.

For example, the IFSC Code IOBA0000541 of Indian Overseas Bank for the Shillong branch has these elements, identifying the bank and the branch location in East Khasi Hills and Meghalaya correctly.

How to Find IFSC Code for Indian Overseas Bank?

If you are looking for the IFSC Code IOBA0000541 of Indian Overseas Bank for its Shillong branch located in East Khasi Hills, the following methods can help:

Cheque Book

The cheque book that is issued by Indian Overseas Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Indian Overseas Bank branches in East Khasi Hills and Shillong, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Indian Overseas Bank and look for the branch locator section, then search for Shillong or East Khasi Hills to get the exact IFSC Code IOBA0000541.

Mobile Banking App

If you use Indian Overseas Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Indian Overseas Bank and East Khasi Hills, then it will provide you proper information.

How to Use IFSC Code IOBA0000541 for Online Transfers?

Once you have the IFSC Code IOBA0000541 for the Shillong branch of Indian Overseas Bank in East Khasi Hills, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IOBA0000541. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Indian Overseas Bank IFSC Code IOBA0000541.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Indian Overseas Bank Shillong in East Khasi Hills, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indian Overseas Bank in Shillong, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Indian Overseas Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in East Khasi Hills manage online transfers as well as cheque clearances with ease.