SWIFT/BIC code IOBAINBB080
IOBAINBB080 belongs to Indian Overseas Bank in Salem, India.
Code details
| SWIFT/BIC code | IOBAINBB080 |
|---|---|
| 8-character code | IOBAINBB |
| Branch code | 080 |
| Bank | Indian Overseas Bank |
| Branch | Salem, Tamilnadu |
| City | Salem |
| Country | India |
The way the Indian Overseas Bank SWIFT/BIC works
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.
- 080 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
What bank uses BIC IOBAINBB080?
IOBAINBB080 is the SWIFT/BIC code of Salem, Tamilnadu, part of Indian Overseas Bank in Salem, India. Only use it if the recipient or their bank explicitly asks for it.
How long does a transfer to Indian Overseas Bank take?
An international SWIFT transfer usually takes 2–5 business days, because of correspondent banks and time zones. Specialist transfer services are often faster and cheaper.
Which details do I need for a transfer to an account at Indian Overseas Bank?
Have ready the SWIFT/BIC code IOBAINBB080, the account number or IBAN of the recipientand the name of the account holder. India uses international SWIFT transfers, so the BIC is required.
What is the cheapest way to send money to Indian Overseas Bank in India?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Indian Rupee with specialist providers before you send – the difference can be large.
What does each part of IOBAINBB080 mean?
IOBA is the institution code of Indian Overseas Bank, IN is the ISO code of India, BB is the location code and 080 identifies the branch Salem, Tamilnadu.
What happens if I enter IOBAINBB080 incorrectly?
The payment may be delayed, returned or charged extra fees. Always check IOBAINBB080 with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.