INDIAN OVERSEAS BANK IFSC Code – COMMERCIAL AND INSTL CREDIT, CHENNAI
Complete bank details including IFSC code, MICR code, address and payment facilities for COMMERCIAL AND INSTL CREDIT branch.
Bank Details
| Bank Name | INDIAN OVERSEAS BANK |
| Branch Name | COMMERCIAL AND INSTL CREDIT |
| IFSC Code | IOBA0001046 |
| MICR Code | 600020006 |
| Address | 98-A, EUROS CORPORATE CENTRE, DR RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI - 600004 |
| City | CHENNAI |
| State | TAMIL NADU |
| Contact | 28478638 |
Payment Facilities
About IFSC Code IOBA0001046
The IFSC code IOBA0001046 uniquely identifies the COMMERCIAL AND INSTL CREDIT branch of INDIAN OVERSEAS BANK located in CHENNAI, TAMIL NADU. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IOBA0001046
- First 4 characters (IOBA) – Represents INDIAN OVERSEAS BANK bank code assigned by RBI
- 5th character (0) – Reserved for future use (always 0)
- Last 6 characters (001046) – Unique branch identifier for COMMERCIAL AND INSTL CREDIT
How to Use IFSC Code IOBA0001046
To transfer money to any account at INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT branch, you will need to provide the IFSC code IOBA0001046 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at COMMERCIAL AND INSTL CREDIT
- NEFT (National Electronic Funds Transfer) – Settled in batches, available 24x7 on all days
- RTGS (Real Time Gross Settlement) – For high-value transactions (₹2 lakh and above), real-time transfer
- IMPS (Immediate Payment Service) – Instant transfer up to ₹5 lakh, available 24x7
- UPI (Unified Payments Interface) – Instant mobile payments using VPA/UPI ID
About INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT Branch
INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT is a branch of INDIAN OVERSEAS BANK located in CHENNAI, TAMIL NADU. The branch provides comprehensive banking services to customers in CHENNAI and surrounding areas.
Branch Address
98-A, EUROS CORPORATE CENTRE, DR RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI - 600004, CHENNAI, TAMIL NADU
Services Available
This branch offers various banking services including savings accounts, current accounts, fixed deposits, recurring deposits, loans, locker facilities, and digital banking services. Customers can also avail services like demand drafts, pay orders, and foreign exchange (subject to branch authorization).
MICR Code Information
The MICR (Magnetic Ink Character Recognition) code for this branch is 600020006. MICR code is a 9-digit code used for cheque clearing and identifies the bank, branch, and city. It is printed on cheques using magnetic ink for machine reading.
Important Information
Transfer Timings
- NEFT: 24x7, 365 days (Settled in half-hourly batches)
- RTGS: 24x7, 365 days (Real-time for ₹2L+)
- IMPS: 24x7, 365 days (Instant)
- UPI: 24x7, 365 days (Instant)
Verification Tips
- Always verify IFSC code before transferring money
- Cross-check with bank passbook or cheque book
- IFSC codes may change after bank mergers
- Contact branch for latest information
Frequently Asked Questions
What is the IFSC code of INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT?
The IFSC code of INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT branch in CHENNAI is IOBA0001046.
What is the MICR code of INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT?
The MICR code of INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT branch is 600020006.
What is the address of INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT?
INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT branch is located at 98-A, EUROS CORPORATE CENTRE, DR RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI - 600004.
Does INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT support NEFT/RTGS/IMPS?
INDIAN OVERSEAS BANK COMMERCIAL AND INSTL CREDIT branch supports NEFT, RTGS, IMPS, and UPI transactions.