SWIFT/BIC code IOBAINBB305
IOBAINBB305 belongs to Indian Overseas Bank in Chennai (Madras), India.
Code details
| SWIFT/BIC code | IOBAINBB305 |
|---|---|
| 8-character code | IOBAINBB |
| Branch code | 305 |
| Bank | Indian Overseas Bank |
| Branch | Muthialpet |
| City | Chennai (Madras) |
| 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.
- 305 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 bank is behind BIC IOBAINBB305?
IOBAINBB305 is the SWIFT/BIC code of Muthialpet, a branch or department of Indian Overseas Bank in Chennai (Madras), India. Only use it if the account is held at this specific branch.
What is the best way to send money to Indian Overseas Bank in India?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Indian Rupee with specialist providers before you send – the difference can be large.
What does each part of IOBAINBB305 mean?
IOBA is the bank code of Indian Overseas Bank, IN is the ISO code of India, BB is the location code and 305 identifies the branch Muthialpet.
What do I need to send money to an account at Indian Overseas Bank?
Have ready the SWIFT/BIC code IOBAINBB305, the account number or IBAN of the recipient, their full name and address. India uses international SWIFT transfers, so always include the BIC.
How long does a transfer to Indian Overseas Bank take in India?
A SWIFT payment typically takes 2–5 business days, because of intermediary banks and cut-off times. Money transfer services are often quicker than a bank.
Can I use IOBAINBB instead of IOBAINBB305?
IOBAINBB points to the main office of Indian Overseas Bank, while IOBAINBB305 points to Muthialpet. For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention IOBAINBB305.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.