IFSC Code of Indian Overseas Bank, Ballipadar, Ballipada, Odisha — IOBA0002617

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Indian Overseas Bank for its Ballipadar branch in Ganjam, Ballipada, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Indian Overseas Bank located in Ganjam or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IOBA0002617. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Overseas Bank, Ballipadar, Ganjam

Below in the table are the key details related to IFSC Code IOBA0002617 of Indian Overseas Bank for its branch located in Ganjam, within the district of Ballipada in the state of Odisha.

These details help users in online banking and for businesses and individuals who use Indian Overseas Bank in Ganjam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0002617 for the Ballipadar branch of Indian Overseas Bank has a very 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, including Indian Overseas Bank located in Ballipadar, Ganjam, Odisha, is provided with a unique IFSC like IOBA0002617 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Indian Overseas Bank branch in Ganjam.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Ganjam and Ballipada.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Indian Overseas Bank in Ballipadar do not get mixed with another location.

Format of the IFSC Code IOBA0002617

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 Ballipadar in Ganjam.

For example, the IFSC Code IOBA0002617 of Indian Overseas Bank for the Ballipadar branch includes these elements, identifying the bank and the branch location in Ganjam and Odisha accurately.

How to Find IFSC Code for Indian Overseas Bank?

If you are looking for the IFSC Code IOBA0002617 of Indian Overseas Bank for its Ballipadar branch located in Ganjam, 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 Ganjam and Ballipada, 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 Ballipadar or Ganjam to get the exact IFSC Code IOBA0002617.

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 Ganjam, then it will provide you proper information.

How to Use IFSC Code IOBA0002617 for Online Transfers?

Once you have the IFSC Code IOBA0002617 for the Ballipadar branch of Indian Overseas Bank in Ganjam, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IOBA0002617. 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 IOBA0002617.

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 Ballipadar in Ganjam 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 Ballipadar, 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 Ganjam to handle online money transfers and get their cheques cleared smoothly.