There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Indian Overseas Bank for its Kothagudem Singareni Collieries branch in Khammam, Kothagudem, Andhra Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Indian Overseas Bank situated in Khammam or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code IOBA0001254. You should 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, Kothagudem Singareni Collieries, Khammam
Here are the main details that are associated with the IFSC Code IOBA0001254 of Indian Overseas Bank for its branch located in Khammam, within the district of Kothagudem in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0001254 |
| Branch | Kothagudem Singareni Collieries |
| City | Khammam |
| District | Kothagudem |
| State | Andhra Pradesh |
| Address | Adj To Sccl Head Office, Kothagudem Pin 507101 |
These details are important not only for users using online banking but also for businesses and individuals who use Indian Overseas Bank in Khammam for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IOBA0001254 for the Kothagudem Singareni Collieries 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 provided by the Reserve Bank of India. Every bank branch, along with Indian Overseas Bank located in Kothagudem Singareni Collieries, Khammam, Andhra Pradesh, are allotted a unique IFSC like IOBA0001254 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Khammam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Khammam and Kothagudem.
- 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 Kothagudem Singareni Collieries reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code IOBA0001254
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 Kothagudem Singareni Collieries in Khammam.
For example, the IFSC Code IOBA0001254 of Indian Overseas Bank for the Kothagudem Singareni Collieries branch has these elements, identifying the bank and the branch location in Khammam and Andhra Pradesh correctly.
How to Find IFSC Code for Indian Overseas Bank?
If you are trying to find the IFSC Code IOBA0001254 of Indian Overseas Bank for its Kothagudem Singareni Collieries branch located in Khammam, 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 Khammam and Kothagudem, 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 Kothagudem Singareni Collieries or Khammam to get the exact IFSC Code IOBA0001254.
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 Khammam that will provide accurate information.
How to Use IFSC Code IOBA0001254 for Online Transfers?
Once you have the IFSC Code IOBA0001254 for the Kothagudem Singareni Collieries branch of Indian Overseas Bank in Khammam, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IOBA0001254. 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 IOBA0001254.
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 Kothagudem Singareni Collieries in Khammam 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 Kothagudem Singareni Collieries, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Khammam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kothagudem Singareni Collieries Khammam branch is IOBA0001254.
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 Adj To Sccl Head Office, Kothagudem Pin 507101.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.