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 Gorual branch in Puri, Puri, Odisha, 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 Puri or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code IOBA0001241. 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, Gorual, Puri
The table below shows the main details of the IFSC Code IOBA0001241 for the Indian Overseas Bank branch in Puri, which falls under the Puri district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0001241 |
| Branch | Gorual |
| City | Puri |
| District | Puri |
| State | Odisha |
| Address | At Po Gorual,Gorual,Pin 752002 |
These details help users in online banking and for businesses and individuals who use Indian Overseas Bank in Puri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0001241 for the Gorual branch of Indian Overseas Bank has a very 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 IOBA0001241 is given to every bank branch, including Indian Overseas Bank located in Gorual, Puri, Odisha, 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 Puri.
- 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 Puri and Puri.
- 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 Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Indian Overseas Bank in Gorual doesn't end up at another location.
Format of the IFSC Code IOBA0001241
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 Gorual in Puri.
For example, the IFSC Code IOBA0001241 of Indian Overseas Bank for the Gorual branch includes these elements, identifying the bank and the branch location in Puri and Odisha accurately.
How to Find IFSC Code for Indian Overseas Bank?
If you are trying to find the IFSC Code IOBA0001241 of Indian Overseas Bank for its Gorual branch located in Puri, 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 Puri and Puri, 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 Gorual or Puri to get the exact IFSC Code IOBA0001241.
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 Puri that will provide accurate information.
How to Use IFSC Code IOBA0001241 for Online Transfers?
If you have the IFSC Code IOBA0001241 for the Gorual branch of Indian Overseas Bank in Puri, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IOBA0001241. 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 IOBA0001241.
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 Gorual in Puri, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Indian Overseas Bank in Gorual, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Puri manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is IOBA0001241.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is At Po Gorual,Gorual,Pin 752002 located in Puri, Puri, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.