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 Katargam branch in Surat, Surat, or Gujarat, 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 Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code IOBA0002884. 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, Katargam, Surat
The table below shows the main details of the IFSC Code IOBA0002884 for the Indian Overseas Bank branch in Surat, which falls under the Surat district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Indian Overseas Bank |
| IFSC Code | IOBA0002884 |
| Branch | Katargam |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | Plot No 4 And 5 Babrik Industrial Estate Opp New Gidc Katargam Surat Guja |
These details help users in online banking and for businesses and individuals who use Indian Overseas Bank in Surat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code IOBA0002884 for the Katargam 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, including Indian Overseas Bank located in Katargam, Surat, Gujarat, is provided with a unique IFSC like IOBA0002884 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Indian Overseas Bank branch in Surat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Surat and Surat.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Indian Overseas Bank in Katargam do not get mixed with another location.
Format of the IFSC Code IOBA0002884
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 Katargam in Surat.
For example, the IFSC Code IOBA0002884 of Indian Overseas Bank for the Katargam branch has these elements, identifying the bank and the branch location in Surat and Gujarat correctly.
How to Find IFSC Code for Indian Overseas Bank?
If you are trying to find the IFSC Code IOBA0002884 of Indian Overseas Bank for its Katargam branch located in Surat, 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
Most banks, including Indian Overseas Bank branches in Surat and Surat, print the IFSC and MICR codes 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 Katargam or Surat to get the exact IFSC Code IOBA0002884.
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 Surat, you'll get the correct details.
How to Use IFSC Code IOBA0002884 for Online Transfers?
Once you have the IFSC Code IOBA0002884 for the Katargam branch of Indian Overseas Bank in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code IOBA0002884. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 IOBA0002884.
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 Katargam in Surat, 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 Katargam, 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 Surat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is IOBA0002884.
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 Plot No 4 And 5 Babrik Industrial Estate Opp New Gidc Katargam Surat Guja located in Surat, Surat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.