Indian Overseas Bank
OTTANATHAM BRANCH
2268227
Related Branches
Understanding IFSC Code: The Digital DNA of Indian Overseas Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the OTTANATHAM
branch of Indian Overseas Bank, the code IOBA0001320 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the IOBA0001320 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"IOBA" represents Indian Overseas Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for OTTANATHAM
Payment Systems Supported by IOBA0001320
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—627020069—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Indian Overseas Bank in OTTANATHAM typically follows the RBI holiday calendar. Digital transfers via IOBA0001320 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While IOBA0001320 is the valid code for OTTANATHAM at OTTANATHAM, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Indian Overseas Bank Branch List
- • OTTANATHAM IFSC Codes
- • Swift Code for Indian Overseas Bank
- • Bank Holiday in TAMIL NADU
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • OTTANATHAM Contact
- • Address of Indian Overseas Bank
- • MICR Code Finder
- • TAMIL NADU Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Indian Overseas Bank IOBA0001320 code, find OTTANATHAM branch details, Indian Overseas Bank OTTANATHAM contact number, TAMIL NADU bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Indian Overseas Bank OTTANATHAM, online neft rtgs imps guide india, how to find ifsc code of Indian Overseas Bank.