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 Erode Periasemur branch in Erode, Erode, Tamil Nadu, 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 Erode or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code IOBA0001346. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Overseas Bank, Erode Periasemur, Erode
The table below shows the main details of the IFSC Code IOBA0001346 for the Indian Overseas Bank branch in Erode, which falls under the Erode district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0001346 |
| Branch | Erode Periasemur |
| City | Erode |
| District | Erode |
| State | Tamil Nadu |
| Address | 21, Sathy Main Road,Periasemur,Veerappan Chatram, Pin 638004 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Overseas Bank in Erode for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IOBA0001346 for the Erode Periasemur branch of Indian Overseas Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like IOBA0001346 is given to every bank branch, including Indian Overseas Bank located in Erode Periasemur, Erode, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Indian Overseas Bank branch in Erode.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Erode and Erode.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Overseas Bank in Erode Periasemur doesn't end up at another location.
Format of the IFSC Code IOBA0001346
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): Show the bank code. For Indian Overseas Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Erode Periasemur in Erode.
For example, the IFSC Code IOBA0001346 of Indian Overseas Bank for the Erode Periasemur branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu accurately.
How to Find IFSC Code for Indian Overseas Bank?
To find the IFSC Code IOBA0001346 of Indian Overseas Bank for its Erode Periasemur branch located in Erode, the following methods can help you out:
Cheque Book
The cheque book issued by Indian Overseas Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Indian Overseas Bank branches in Erode and Erode, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Overseas Bank and go to the branch locator section. Then search for Erode Periasemur or Erode to find the exact IFSC Code IOBA0001346.
Mobile Banking App
If you use Indian Overseas Bank's mobile app, you can 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. Searching for Indian Overseas Bank and Erode will provide accurate information.
How to Use IFSC Code IOBA0001346 for Online Transfers?
Once you have the IFSC Code IOBA0001346 for the Erode Periasemur branch of Indian Overseas Bank in Erode, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IOBA0001346. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Indian Overseas Bank IFSC Code IOBA0001346.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Indian Overseas Bank Erode Periasemur in Erode, it can result in delayed or failed transactions.
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 Erode Periasemur, 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 Erode manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Erode Periasemur Erode branch is IOBA0001346.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at 21, Sathy Main Road,Periasemur,Veerappan Chatram, Pin 638004.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.