INDIAN OVERSEAS BANK IFSC Code – REGULATED MARKET ERODE, ERODE
Complete bank details including IFSC code, MICR code, address and payment facilities for REGULATED MARKET ERODE branch.
Bank Details
| Bank Name | INDIAN OVERSEAS BANK |
| Branch Name | REGULATED MARKET ERODE |
| IFSC Code | IOBA0001859 |
| MICR Code | 638020017 |
| Address | ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003 |
| City | ERODE |
| State | TAMIL NADU |
| Contact | 2265636 |
Payment Facilities
About IFSC Code IOBA0001859
The IFSC code IOBA0001859 uniquely identifies the REGULATED MARKET ERODE branch of INDIAN OVERSEAS BANK located in ERODE, 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 IOBA0001859
- 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 (001859) – Unique branch identifier for REGULATED MARKET ERODE
How to Use IFSC Code IOBA0001859
To transfer money to any account at INDIAN OVERSEAS BANK REGULATED MARKET ERODE branch, you will need to provide the IFSC code IOBA0001859 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at REGULATED MARKET ERODE
- 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 REGULATED MARKET ERODE Branch
INDIAN OVERSEAS BANK REGULATED MARKET ERODE is a branch of INDIAN OVERSEAS BANK located in ERODE, TAMIL NADU. The branch provides comprehensive banking services to customers in ERODE and surrounding areas.
Branch Address
ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003, ERODE, 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 638020017. 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 REGULATED MARKET ERODE?
The IFSC code of INDIAN OVERSEAS BANK REGULATED MARKET ERODE branch in ERODE is IOBA0001859.
What is the MICR code of INDIAN OVERSEAS BANK REGULATED MARKET ERODE?
The MICR code of INDIAN OVERSEAS BANK REGULATED MARKET ERODE branch is 638020017.
What is the address of INDIAN OVERSEAS BANK REGULATED MARKET ERODE?
INDIAN OVERSEAS BANK REGULATED MARKET ERODE branch is located at ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003.
Does INDIAN OVERSEAS BANK REGULATED MARKET ERODE support NEFT/RTGS/IMPS?
INDIAN OVERSEAS BANK REGULATED MARKET ERODE branch supports NEFT, RTGS, IMPS, and UPI transactions.