IFSC Code of Indian Overseas Bank, North Lakhimpur, North Lakhimpur, Assam — IOBA0002904

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 North Lakhimpur branch in Lakhimpur, North Lakhimpur, Assam, 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 Lakhimpur or anywhere in Assam can transfer funds instantly by using the correct IFSC Code IOBA0002904. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Indian Overseas Bank, North Lakhimpur, Lakhimpur

Below in the table are the key details related to IFSC Code IOBA0002904 of Indian Overseas Bank for its branch located in Lakhimpur, within the district of North Lakhimpur in the state of Assam.

These details are essential not only for online banking users but also for businesses and individuals who use Indian Overseas Bank in Lakhimpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0002904 for the North Lakhimpur 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 that is provided by the Reserve Bank of India. A unique IFSC like IOBA0002904 is given to every bank branch, including Indian Overseas Bank located in North Lakhimpur, Lakhimpur, Assam, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Indian Overseas Bank branch in Lakhimpur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Lakhimpur and North Lakhimpur.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Assam and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Overseas Bank in North Lakhimpur doesn't end up at another location.

Format of the IFSC Code IOBA0002904

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 North Lakhimpur in Lakhimpur.

For example, the IFSC Code IOBA0002904 of Indian Overseas Bank for the North Lakhimpur branch includes these elements, identifying the bank and the branch location in Lakhimpur and Assam accurately.

How to Find IFSC Code for Indian Overseas Bank?

If you are looking for the IFSC Code IOBA0002904 of Indian Overseas Bank for its North Lakhimpur branch located in Lakhimpur, 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 Lakhimpur and North Lakhimpur, 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 North Lakhimpur or Lakhimpur to get the exact IFSC Code IOBA0002904.

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 Lakhimpur, then it will provide you proper information.

How to Use IFSC Code IOBA0002904 for Online Transfers?

If you have the IFSC Code IOBA0002904 for the North Lakhimpur branch of Indian Overseas Bank in Lakhimpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IOBA0002904. Transfers are processed in batches. 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. Asks for the recipient's account details and Indian Overseas Bank IFSC Code IOBA0002904.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Indian Overseas Bank North Lakhimpur in Lakhimpur, it 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 North Lakhimpur, 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 Lakhimpur to handle online money transfers and get their cheques cleared smoothly.