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 Gudur branch in Kurnool, Gudur, Andhra Pradesh, 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 Kurnool or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code IOBA0000402. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Indian Overseas Bank, Gudur, Kurnool
The table below shows the main details of the IFSC Code IOBA0000402 for the Indian Overseas Bank branch in Kurnool, which falls under the Gudur district in Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0000402 |
| Branch | Gudur |
| City | Kurnool |
| District | Gudur |
| State | Andhra Pradesh |
| Address | 9 By 203, Raja Street, Gudur524101 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Overseas Bank in Kurnool for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0000402 for the Gudur 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 Gudur, Kurnool, Andhra Pradesh, are given a unique IFSC like IOBA0000402 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kurnool.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Kurnool and Gudur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Indian Overseas Bank in Gudur goes to the correct branch. This is important because Indian Overseas Bank has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code IOBA0000402
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 Gudur in Kurnool.
For example, the IFSC Code IOBA0000402 of Indian Overseas Bank for the Gudur branch includes these elements, identifying the bank and the branch location in Kurnool and Andhra Pradesh accurately.
How to Find IFSC Code for Indian Overseas Bank?
If you are trying to find the IFSC Code IOBA0000402 of Indian Overseas Bank for its Gudur branch located in Kurnool, the following methods can help:
Cheque Book
The cheque book issued by Indian Overseas Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Indian Overseas Bank branches in Kurnool and Gudur, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Indian Overseas Bank and navigate to the branch locator section. Search for Gudur or Kurnool to get the exact IFSC Code IOBA0000402.
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 keeps an updated list of all IFSC codes. If you search for Indian Overseas Bank and Kurnool, you'll get the correct details.
How to Use IFSC Code IOBA0000402 for Online Transfers?
Once you have the IFSC Code IOBA0000402 for the Gudur branch of Indian Overseas Bank in Kurnool, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IOBA0000402. The transfer is completed in batches instead of instantly. It is useful for both 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 IOBA0000402.
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 Gudur in Kurnool, 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 Gudur, 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 Kurnool to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IOBA0000402.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 9 By 203, Raja Street, Gudur524101 located in Kurnool, Gudur, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.