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 Rewa branch in Rewa, Rewa, Madhya 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 Rewa or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code IOBA0002872. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Indian Overseas Bank, Rewa, Rewa

The table below shows the main details of the IFSC Code IOBA0002872 for the Indian Overseas Bank branch in Rewa, which falls under the Rewa district in Madhya Pradesh.

Particulars Details
Bank Indian Overseas Bank
IFSC Code IOBA0002872
Branch Rewa
City Rewa
District Rewa
State Madhya Pradesh
Address Nh 7,Near New Bus Stand,Besides Aditya Hotel,Rewa M.P.486001

These details help users in online banking and for businesses and individuals who use Indian Overseas Bank in Rewa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0002872 for the Rewa 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 provided by the Reserve Bank of India. Every bank branch, along with Indian Overseas Bank located in Rewa, Rewa, Madhya Pradesh, are given a unique IFSC like IOBA0002872 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rewa.
  • 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 Rewa and Rewa.
  • 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 Rewa goes to the correct branch. This is important because Indian Overseas Bank has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code IOBA0002872

The format of the IFSC Code for banks, including Indian Overseas Bank, has 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 Rewa in Rewa.

For example, the IFSC Code IOBA0002872 of Indian Overseas Bank for the Rewa branch includes these elements, identifying the bank and the branch location in Rewa and Madhya Pradesh correctly.

How to Find IFSC Code for Indian Overseas Bank?

If you are looking for the IFSC Code IOBA0002872 of Indian Overseas Bank for its Rewa branch located in Rewa, 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 Rewa and Rewa, 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 Rewa or Rewa to get the exact IFSC Code IOBA0002872.

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 Rewa, then it will provide you proper information.

How to Use IFSC Code IOBA0002872 for Online Transfers?

Once you have the IFSC Code IOBA0002872 for the Rewa branch of Indian Overseas Bank in Rewa, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code IOBA0002872. 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 IOBA0002872.

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 Rewa in Rewa, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Indian Overseas Bank in Rewa, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Indian Overseas Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Rewa manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Indian Overseas Bank in Rewa, Rewa?

The IFSC Code is IOBA0002872.

Is the IFSC Code IOBA0002872 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Indian Overseas Bank Rewa?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Rewa branch?

The address of the branch is Nh 7,Near New Bus Stand,Besides Aditya Hotel,Rewa M.P.486001 located in Rewa, Rewa, Madhya Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.