SWIFT/BIC code IOBAINBB531
IOBAINBB531 belongs to Indian Overseas Bank in New Delhi, India.
Code details
| SWIFT/BIC code | IOBAINBB531 |
|---|---|
| 8-character code | IOBAINBB |
| Branch code | 531 |
| Bank | Indian Overseas Bank |
| Branch | Tolstoy Marg |
| City | New Delhi |
| Country | India |
How the Indian Overseas Bank SWIFT/BIC is built up
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.
- 531 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 SWIFT/BIC code IOBAINBB531?
The code IOBAINBB531 belongs to Tolstoy Marg, a unit of Indian Overseas Bank in New Delhi, India. Use this branch code only when the recipient or their bank explicitly asks for it.
Which details do I need to send money to an account at Indian Overseas Bank?
You need the SWIFT/BIC code IOBAINBB531, 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.
How long does it take to send money to Indian Overseas Bank in India?
An international SWIFT transfer typically takes 1–5 business days, depending on intermediary banks and cut-off times. Money transfer services are often quicker and cheaper.
Can I use IOBAINBB instead of IOBAINBB531?
IOBAINBB is the head office of Indian Overseas Bank, while IOBAINBB531 is Tolstoy Marg. For a normal transfer the head office code is usually fine, yet use IOBAINBB531 if the recipient asks for it.
What is the cheapest way to send money to Indian Overseas Bank in India?
Many banks add several percent to the exchange rate on top of a fee. Check what you receive in Indian Rupee with specialist providers before you send – the difference can be large.
What does each part of IOBAINBB531 mean?
IOBA is the bank code of Indian Overseas Bank, IN is the ISO code of India, BB is the location code and 531 is the code of the department Tolstoy Marg.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.