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 Bhoyan Moti branch in Gandhinagar, Kalol, Gujarat, 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 Gandhinagar or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IOBA0003125. 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, Bhoyan Moti, Gandhinagar
Here are the main details that are associated with the IFSC Code IOBA0003125 of Indian Overseas Bank for its branch located in Gandhinagar, within the district of Kalol in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0003125 |
| Branch | Bhoyan Moti |
| City | Gandhinagar |
| District | Kalol |
| State | Gujarat |
| Address | Village Bhoyan Moti Taluk Kalol Dt |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Overseas Bank in Gandhinagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0003125 for the Bhoyan Moti 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Indian Overseas Bank located in Bhoyan Moti, Gandhinagar, Gujarat, are allotted a unique IFSC like IOBA0003125 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gandhinagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Gandhinagar and Kalol.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Indian Overseas Bank in Bhoyan Moti reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code IOBA0003125
The format of the IFSC Code for banks, including Indian Overseas Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Indian Overseas Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Bhoyan Moti in Gandhinagar.
For example, the IFSC Code IOBA0003125 of Indian Overseas Bank for the Bhoyan Moti branch includes these elements, identifying the bank and the branch location in Gandhinagar and Gujarat accurately.
How to Find IFSC Code for Indian Overseas Bank?
To find the IFSC Code IOBA0003125 of Indian Overseas Bank for its Bhoyan Moti branch located in Gandhinagar, 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 Gandhinagar and Kalol, 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 Bhoyan Moti or Gandhinagar to find the exact IFSC Code IOBA0003125.
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 Gandhinagar will provide accurate information.
How to Use IFSC Code IOBA0003125 for Online Transfers?
Once you have the IFSC Code IOBA0003125 for the Bhoyan Moti branch of Indian Overseas Bank in Gandhinagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IOBA0003125. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 IOBA0003125.
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 Bhoyan Moti in Gandhinagar, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indian Overseas Bank in Bhoyan Moti, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Gandhinagar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IOBA0003125.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Village Bhoyan Moti Taluk Kalol Dt located in Gandhinagar, Kalol, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.