IFSC Code of Indian Overseas Bank, Gokhale Park, Pune, Maharashtra — IOBA0001991

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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Indian Overseas Bank for its Gokhale Park branch in Pune, Pune, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Indian Overseas Bank located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code IOBA0001991. 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, Gokhale Park, Pune

Here are some of the key details that come with the IFSC Code IOBA0001991 of Indian Overseas Bank for its branch located in Pune, within the district of Pune in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Indian Overseas Bank in Pune for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code IOBA0001991 for the Gokhale Park 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 Gokhale Park, Pune, Maharashtra, are allotted a unique IFSC like IOBA0001991 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Pune.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Pune and Pune.
• 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 Gokhale Park reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code IOBA0001991

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 Gokhale Park in Pune.

For example, the IFSC Code IOBA0001991 of Indian Overseas Bank for the Gokhale Park branch has these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.

How to Find IFSC Code for Indian Overseas Bank?

If you are trying to find the IFSC Code IOBA0001991 of Indian Overseas Bank for its Gokhale Park branch located in Pune, 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

You can easily find the IFSC and MICR codes because most banks, including Indian Overseas Bank branches in Pune and Pune, print them 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 Gokhale Park or Pune to get the exact IFSC Code IOBA0001991.

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 Pune, you'll get the correct details.

How to Use IFSC Code IOBA0001991 for Online Transfers?

If you have the IFSC Code IOBA0001991 for the Gokhale Park branch of Indian Overseas Bank in Pune, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code IOBA0001991. 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 IOBA0001991.

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 Gokhale Park in Pune, 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 Gokhale Park, 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 Pune manage online transfers as well as cheque clearances with ease.