IOBA0001023 IFSC Code, INDIAN OVERSEAS BANK, RAJAN NAGAR

IFSC Code of Indian Overseas Bank, Rajan Nagar, Tamil Nadu IFSC CODE & MICR CODE

INDIAN OVERSEAS BANK, RAJAN NAGAR - IOBA0001023

  • Bank name: INDIAN OVERSEAS BANK

Bank Address: 3 2 16 Main Road,rajan Nagar Via Bhavanisagar Rajan Nagar Pin 638451

  • IFSC Code ioba0001023
  • Bank Code IOBA
  • Bank name INDIAN OVERSEAS BANK
  • Bank contact number 243233
  • Bank branch RAJAN NAGAR
  • Bank ISO3166 Code IN-TN
  • Bank Center ERODE
  • MICR Code 638020505
  • State name TAMIL NADU
  • District name ERODE
  • City name RAJAN NAGAR
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for INDIAN OVERSEAS BANK, RAJAN NAGAR branch is IOBA0001023, ensures that your transactions are directed to the correct branch.

How to Use IOBA0001023 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the RAJAN NAGAR branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.