IFSC Code of Indian Overseas Bank, Demarihat, Sahid Matangini, West Bengal — IOBA0001164

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Indian Overseas Bank for its Demarihat branch in East Midnapore, Sahid Matangini, West Bengal, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Indian Overseas Bank located in East Midnapore or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code IOBA0001164. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indian Overseas Bank, Demarihat, East Midnapore

Here are the key points that are associated with the IFSC Code IOBA0001164 of Indian Overseas Bank for its branch located in East Midnapore, within the district of Sahid Matangini in the state of West Bengal.

These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Overseas Bank in East Midnapore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0001164 for the Demarihat 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 Demarihat, East Midnapore, West Bengal, is provided a unique IFSC like IOBA0001164 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 Midnapore.
• 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 Midnapore and Sahid Matangini.
• 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 West Bengal and the rest of India, the IFSC Code ensures that transactions meant for Indian Overseas Bank in Demarihat do not get misguided to another person.

Format of the IFSC Code IOBA0001164

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

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Indian Overseas Bank, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Demarihat in East Midnapore.

For example, the IFSC Code IOBA0001164 of Indian Overseas Bank for the Demarihat branch includes these elements, identifying the bank and the branch location in East Midnapore and West Bengal accurately.

How to Find IFSC Code for Indian Overseas Bank?

If you are trying to find the IFSC Code IOBA0001164 of Indian Overseas Bank for its Demarihat branch located in East Midnapore, the following methods can help:

Cheque Book

The cheque books that are issued by Indian Overseas Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Indian Overseas Bank branches in East Midnapore and Sahid Matangini, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Indian Overseas Bank and find the branch locator section. Search for Demarihat or East Midnapore to get the exact IFSC Code IOBA0001164.

Mobile Banking App

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

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Indian Overseas Bank and East Midnapore that will provide accurate information.

How to Use IFSC Code IOBA0001164 for Online Transfers?

Once you have the IFSC Code IOBA0001164 for the Demarihat branch of Indian Overseas Bank in East Midnapore, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IOBA0001164. Transfers are processed in batches. This is suitable for 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 IOBA0001164.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Overseas Bank Demarihat in East Midnapore may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Indian Overseas Bank in Demarihat, here are some ways to obtain it:

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

Having both the IFSC and MICR codes makes it easy for account holders in East Midnapore to handle online money transfers and get their cheques cleared smoothly.