INDIAN OVERSEAS BANK (IOB) CHENNAIGEMINI CIRCLE Branch located at KARUNAI KUDIL, NEW NO 297, CATHEDRAL ROAD, CHENNAI600086 in CHENNAI District, TAMIL NADU State. INDIAN OVERSEAS BANK (IOB) considered as one of the reputed Bank in India and it has the approval of Reserve Bank of India as act as a bank in Indian Territory. INDIAN OVERSEAS BANK (IOB) CHENNAIGEMINI CIRCLE Branch office located at the beautiful city named CHENNAI. You can Contact the officials on . INDIAN OVERSEAS BANK (IOB) IFSC Code is: IOBA0002051 more details about the CHENNAIGEMINI CIRCLE Branch listed below:
|Bank Name||INDIAN OVERSEAS BANK (IOB)|
|Branch Address||CHENNAIGEMINI CIRCLE|
|Address||KARUNAI KUDIL, NEW NO 297, CATHEDRAL ROAD, CHENNAI600086 |
|Last Viewed||2 seconds ago|
The IFSC Code or the Indian Financial System Code is an 11 character code that is used by the Reserve Bank of India for identifying all the bank branches which are part of the NEFT system in India. It is used for the electronic payment system applications like the NEFT (National Electronic Fund Transfer, RTGS and CFMS.
The Code itself is of 11 characters, with the first 4 characters being alphabets. They represent the bank. The 5th code is zero and the last 6 characters represent the branch code.
Use the following methods for getting the IFSC code of a bank's branch:
Most of the time the code is printed on the passbook or the cheque book of the bank. Otherwise you can search for the code on the bank's website or online by proving the bank name, state, district and the branch name. Usually, the location of the bank is the branch name.
Each bank will have its unique IFSC code for each branch. The initial 4 codes will give an idea of the name of the bank itself. These codes are essential for making funds transfers to banks accounts with India. It is required when you have to add a beneficiary for transferring money into their account. Without these codes, it is not possible to carry out online funds transfers.
The IFSC code of a bank's branch can accompanies complete information about the branch. When you lookup for the code, you will also get information about the branch's address and contact info. All the bank branches which participate in inter bank electronic funds transfer will have the lists of IFSC codes of all the banks. Even the Reserve Bank of India provides the list of all the bank branches which participate in the RTGS/NEFT. Every bank is required to print and display their IFSC code on their bank premises and on their cheques/passbooks.
Indian banks are also being integrated with the IBAN system for smoother financial transactions. It is currently under process, and Indian banks will be integrated with the system in the near future. The IFSC code is currently one of the most crucial factors for carrying out financial transactions between bank branches within India.
The IFSC Code is different from the SWIFT Code because the latter is used for carrying out international financial transfers. The IFSC is used only for domestic financial transfers. The IFSC is developed and maintained by the Reserve Bank of India while the SWIFT is created and managed by the International Standard Organization. Besides, the SWIFT can be of 8 or 11 characters, while the IFSC must have 11 characters only. If someone has to carry out payment transfers from beyond the international borders, they will need the SWIFT code and not the IFSC code. A basic difference is that the SWIFT can also be used for exchanging other messages between banks.
Swift Code or the Society for Worldwide Interbank Financial Telecommunication code is a globally accepted identification system for banks. These codes are mostly used for carrying out international wire transfers and can have 8/11 alphanumeric characters. It was first authorized to be created by the International Organization of Standardization (IOS).Read More
The IFSC Code or the Indian Financial System Code is an 11 character code that is used by the Reserve Bank of India for identifying all the bank branches which are part of the NEFT system in India. It is used for the electronic payment system applications like the NEFT (National Electronic Fund Transfer, RTGS and CFMS.Read More
MICR Code or Magnetic Ink Character Recognition is a character recognition system used mostly by the banking industry for facilitating the processing of cheques. These characters are printed in special unique typefaces with magnetic ink. Iron oxide is the commonly used material and it requires a specially designed machine for reading these characters. These characters are mostly printed on the bottom of the cheque leaf. The code is required by the Reserve Bank of India (RBI) for identifying the bank and branch and clearing the cheque.Read More
When it comes to making an international online payment, you will be required to provide a BIC code. It can often leave one confused as to what the Bic Codes refer to. These are the same as SWIFT codes. It is an international banking code for transfer of financial messages. The code is also used for identifying banks all across the world. BIC stands for Bank Identifier Code and SWIFT refers to the Society for Worldwide Interbank Financial Telecommunication.Read More
The BSB Codes or Bank State Branch codes are 6-digit codes used for identifying banks and branches in Australia. If you want to transfer payments within Australia, you will need the account number and the BSB code of the recipient. Similarly, you will have to provide your own account number and BSB to the sender. As already mentioned, there are 6 digits in this code. The first 2 or 3 digits are used as bank identifier. This part of the code is used to process both electronic and paper-based transactions. However, it is not used in the case of payment card numbering.Read More
Sort Codes are numbers assigned to bank branches and they are used mostly for the internal purposes of the bank. These codes will have 6 digits which are separated in sets of two's with hyphens. They are most widely used in the banking systems of the United Kingdom and Ireland.Read More
Routing Numbers, also known as ABA Numbers or Routing Transfer Numbers are 9 digit numbers used by the banking system in the United States for identifying banks and financial institutions. This number system is used by the US banks for carrying out Automatic Clearing House and wire transfers. This includes various forms of transactions like direct deposits, electronic funds transfers, e-checks, tax payments, and direct payment against bills and much more.Read More