Indian Overseas Bank
WAIDHAN-SINGRAULI BRANCH
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 WAIDHAN-SINGRAULI
branch of Indian Overseas Bank, the code IOBA0003973 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 IOBA0003973 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 WAIDHAN-SINGRAULI
Payment Systems Supported by IOBA0003973
| 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—486020002—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 SINGRAULI typically follows the RBI holiday calendar. Digital transfers via IOBA0003973 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 IOBA0003973 is the valid code for WAIDHAN-SINGRAULI at SINGRAULI, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Indian Overseas Bank Branch List
- • SINGRAULI IFSC Codes
- • Swift Code for Indian Overseas Bank
- • Bank Holiday in MADHYA PRADESH
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • WAIDHAN-SINGRAULI Contact
- • Address of Indian Overseas Bank
- • MICR Code Finder
- • MADHYA PRADESH Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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