IFSC Code IOBA0003508 - Indian Overseas Bank-MGR NAGAR-Chennai
| Detail | Information |
|---|---|
| IFSC Code | IOBA0003508 |
| Bank Name | Indian Overseas Bank |
| Address | 1 NEW NO 17/1 DR MGR COMPLEX, ANNA MAIN ROAD,MGR NAGAR , CHENNAI - 600078 |
| District | Chennai |
| State | Tamil nadu |
| Branch | Mgr nagar |
| Contact | +914428525980 |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-TN |
| Bankcode | IOBA |
Overview of IOBA0003508
The IFSC code IOBA0003508 is associated with the Chennai MGR NAGAR Branch of Indian Overseas Bank. Located in the bustling city of Chennai, TAMIL NADU, 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 IOBA0003508 represents Indian Overseas Bank Bank, while 0003508 signifies the unique branch code for MGR NAGAR.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like IOBA0003508, for the MGR NAGAR Branch, cannot be overstated. It acts as an address that identifies both the Indian Overseas Bank and its specific branch in Chennai. 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 IOBA0003508
The IFSC code IOBA0003508 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 Chennai. Let's break down the details:
- IFSC Code (IOBA0003508): 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 "0003508" are a unique identifier for the MGR 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 (1 NEW NO 17/1 DR MGR COMPLEX, ANNA MAIN ROAD,MGR NAGAR , CHENNAI - 600078): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Chennai, TAMIL NADU): The branch is situated in the heart of Chennai, the capital city of TAMIL NADU. A city known for its [CITY_FEATURES].
- Branch (MGR NAGAR): The [AREA_NAME] area in Chennai is a hub of activity, and the Indian Overseas Bank branch here caters to both individual and business banking needs.
- Phone Number (+914428525980): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.