IFSC Code IOBA0001505 - Indian Overseas Bank-SNEH NAGAR-Indore
| Detail | Information |
|---|---|
| IFSC Code | IOBA0001505 |
| Bank Name | Indian Overseas Bank |
| Address | 4 SCHEME 47,RATAN GANGA,NEAR SAPNASANGEET CINEMA,INDORE |
| District | Indore |
| State | Madhya pradesh |
| Branch | Sneh nagar |
| Contact | |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 452020003 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-MP |
| Bankcode | IOBA |
Overview of IOBA0001505
The IFSC code IOBA0001505 is associated with the Indore SNEH NAGAR Branch of Indian Overseas Bank. Located in the bustling city of Indore, MADHYA PRADESH, this branch is one of the many Indian Overseas Bank branches that cater to the banking needs of the local residents. The code "IOBA" in IOBA0001505 represents Indian Overseas Bank Bank, while 0001505 signifies the unique branch code for SNEH NAGAR.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like IOBA0001505, for the SNEH NAGAR Branch, cannot be overstated. It acts as an address that identifies both the Indian Overseas Bank and its specific branch in Indore. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.
Deep Dive into IOBA0001505
The IFSC code IOBA0001505 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with Indian Overseas Bank in Indore. Let's break down the details:
- IFSC Code (IOBA0001505): This unique code is essential for electronic fund transfers. The first four characters "IOBA" represent the bank's name, Indian Overseas Bank. The last six characters "0001505" are a unique identifier for the SNEH NAGAR branch.
- Bank Name (Indian Overseas Bank): One of [country]'s leading banks, Indian Overseas Bank offers a wide range of banking products and financial services to its vast customer base.
- Address (4 SCHEME 47,RATAN GANGA,NEAR SAPNASANGEET CINEMA,INDORE): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Indore, MADHYA PRADESH): The branch is situated in the heart of Indore, the capital city of MADHYA PRADESH. A city known for its [CITY_FEATURES].
- Branch (SNEH NAGAR): The [AREA_NAME] area in Indore is a hub of activity, and the Indian Overseas Bank branch here caters to both individual and business banking needs.
- Phone Number (2468955): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.