It is very important to find correct branch before initiating any bank process. Though all banks will have a mechnism to verify the Institutional Area Branch, Account Type, IFSC Code, MICR Code, and Account Name, etc. and any mismatch will result in failed transaction!
The best and simplest place to verify Institutional Area branch is the cheque book. All banks will print the Institutional Area on the cheque books. Also, your account pass book should have the Institutional Area branch printed.
The address of Institutional Area branch is 56/1, anusanthan bhawan, industrial area, sector 62,noida - 201307, which is located in Gautam Bodda Nagar District of Uttar Pradesh State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for Indian Overseas Bank Institutional Area is also provided.
Institutional Area has number of branches spread across India. Branch banking has undergone significant changes in response to the competition in financial services market and the ever increasing consumer demands. This leads to a single consumer bearing more than one account in different banks and due to internet banking, as in case of Indian Overseas Bank Institutional Area branch, fund transfer between these banks is also possible.
*The Bank Branch information information presented above is for reference only. Please verify Bank Branch details before initiating any transfer or operation!