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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Indian Overseas Bank for its Shanmuganathapuram branch in Sivaganga, Karaikudi, or Tamil Nadu, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Indian Overseas Bank located in Sivaganga or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code IOBA0000250. 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, Shanmuganathapuram, Sivaganga
Below in the table are the key details related to IFSC Code IOBA0000250 of Indian Overseas Bank for its branch located in Sivaganga, within the district of Karaikudi in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0000250 |
| Branch | Shanmuganathapuram |
| City | Sivaganga |
| District | Karaikudi |
| State | Tamil Nadu |
| Address | 1 By 95,East First Street Shanmuganathapuram Pin 630314 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Indian Overseas Bank in Sivaganga for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0000250 for the Shanmuganathapuram 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 Shanmuganathapuram, Sivaganga, Tamil Nadu, are allotted a unique IFSC like IOBA0000250 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Sivaganga.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Sivaganga and Karaikudi.
- 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 Shanmuganathapuram reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.
Format of the IFSC Code IOBA0000250
The format of the IFSC Code for banks, including Indian Overseas Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Indian Overseas Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shanmuganathapuram in Sivaganga.
For example, the IFSC Code IOBA0000250 of Indian Overseas Bank for the Shanmuganathapuram branch includes these elements, identifying the bank and the branch location in Sivaganga and Tamil Nadu accurately.
How to Find IFSC Code for Indian Overseas Bank?
To find the IFSC Code IOBA0000250 of Indian Overseas Bank for its Shanmuganathapuram branch located in Sivaganga, the following methods can help you out:
Cheque Book
The cheque book issued by Indian Overseas Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Indian Overseas Bank branches in Sivaganga and Karaikudi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Indian Overseas Bank and go to the branch locator section. Then search for Shanmuganathapuram or Sivaganga to find the exact IFSC Code IOBA0000250.
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 maintains an updated database of all IFSC codes. Searching for Indian Overseas Bank and Sivaganga will provide accurate information.
How to Use IFSC Code IOBA0000250 for Online Transfers?
Once you have the IFSC Code IOBA0000250 for the Shanmuganathapuram branch of Indian Overseas Bank in Sivaganga, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code IOBA0000250. Transfers are processed in batches. This is 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. Requires the recipient's account details and Indian Overseas Bank IFSC Code IOBA0000250.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Indian Overseas Bank Shanmuganathapuram in Sivaganga 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 Shanmuganathapuram, 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 Sivaganga to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is IOBA0000250.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is 1 By 95,East First Street Shanmuganathapuram Pin 630314 located in Sivaganga, Karaikudi, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.