SWIFT/BIC code IOBAINBB047
IOBAINBB047 belongs to Indian Overseas Bank in Ludhiana, India.
Code details
| SWIFT/BIC code | IOBAINBB047 |
|---|---|
| 8-character code | IOBAINBB |
| Branch code | 047 |
| Bank | Indian Overseas Bank |
| Branch | — |
| City | Ludhiana |
| Country | India |
How the Indian Overseas Bank SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IOBA Bank code
- 4 letters that identify the bank.
- IN Country code
- 2 letters for the country (ISO 3166).
- BB Location code
- 2 characters for the city or region of the head office.
- 047 Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses BIC IOBAINBB047?
The code IOBAINBB047 belongs to Indian Overseas Bank, a unit of Indian Overseas Bank in Ludhiana, India. Only use it if the account is held at this specific branch.
What happens if I use IOBAINBB047 incorrectly?
The payment may be delayed, returned or charged extra fees. Double-check IOBAINBB047 with the recipient before you confirm.
Which details do I need for a transfer to an account at Indian Overseas Bank?
Have ready the SWIFT/BIC code IOBAINBB047, the IBAN or local account number of the recipient, their full name and address. India is not part of SEPA, so the BIC is required.
What does each part of IOBAINBB047 stand for?
IOBA is the institution code of Indian Overseas Bank, IN is the ISO code of India, BB is the location code and 047 is the code of the branch Indian Overseas Bank.
How long does a transfer to Indian Overseas Bank take in India?
An international SWIFT transfer typically takes 2–5 business days, because of intermediary banks and cut-off times. Money transfer services are often faster and cheaper.
Can I use IOBAINBB instead of IOBAINBB047?
IOBAINBB is the head office of Indian Overseas Bank, while IOBAINBB047 points to Indian Overseas Bank. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention IOBAINBB047.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.