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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Indian Overseas Bank for its Chemmakkadjunction branch in Kollam, Kollam, or Kerala, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Indian Overseas Bank located in Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code IOBA0000619. 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, Chemmakkadjunction, Kollam
The table below shows the main details of the IFSC Code IOBA0000619 for the Indian Overseas Bank branch in Kollam, which falls under the Kollam district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0000619 |
| Branch | Chemmakkadjunction |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Kayalvarathu Buildings, Chemmakkad, Pin 691602 |
These details are essential not only for online banking users but also for businesses and individuals who use Indian Overseas Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0000619 for the Chemmakkadjunction branch of Indian Overseas Bank plays 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, including Indian Overseas Bank located in Chemmakkadjunction, Kollam, Kerala, is provided with a unique IFSC like IOBA0000619 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Overseas Bank branch in Kollam.
- 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 Kollam and Kollam.
- 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 Kerala and the rest of India and the IFSC Code ensures that transactions meant for Indian Overseas Bank in Chemmakkadjunction do not get mixed with another location.
Format of the IFSC Code IOBA0000619
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 Chemmakkadjunction in Kollam.
For example, the IFSC Code IOBA0000619 of Indian Overseas Bank for the Chemmakkadjunction branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.
How to Find IFSC Code for Indian Overseas Bank?
To find the IFSC Code IOBA0000619 of Indian Overseas Bank for its Chemmakkadjunction branch located in Kollam, 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 Kollam and Kollam, 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 Chemmakkadjunction or Kollam to find the exact IFSC Code IOBA0000619.
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 Kollam will provide accurate information.
How to Use IFSC Code IOBA0000619 for Online Transfers?
Once you have the IFSC Code IOBA0000619 for the Chemmakkadjunction branch of Indian Overseas Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IOBA0000619. 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 IOBA0000619.
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 Chemmakkadjunction in Kollam, your payment can get delayed or might not go through at all.
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 Chemmakkadjunction, 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 Kollam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Chemmakkadjunction Kollam branch is IOBA0000619.
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 Kayalvarathu Buildings, Chemmakkad, Pin 691602.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.