SWIFT Code IOBAINBBF45 — INDIAN OVERSEAS BANK, AMRITSAR

About SWIFT Code IOBAINBBF45 — INDIAN OVERSEAS BANK, AMRITSAR

SWIFT code IOBAINBBF45 is the official 11-character branch-specific BIC (Bank Identifier Code) for INDIAN OVERSEAS BANK in AMRITSAR, India. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by INDIAN OVERSEAS BANK for all outward international remittances from AMRITSAR. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code IOBAINBBF45

The code IOBAINBBF45 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code IOBAINBBF45

Receiving International Wire Transfers

To receive money from abroad at your INDIAN OVERSEAS BANK account in AMRITSAR, share SWIFT code IOBAINBBF45 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at INDIAN OVERSEAS BANK, AMRITSAR must provide SWIFT code IOBAINBBF45. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using INDIAN OVERSEAS BANK in AMRITSAR rely on SWIFT code IOBAINBBF45 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for INDIAN OVERSEAS BANK →

For cheque clearing or NACH mandates, use the MICR code for INDIAN OVERSEAS BANK →

For TDS challan deposits, find the BSR code for INDIAN OVERSEAS BANK →

How SWIFT Code IOBAINBBF45 Routes an International Transfer

1. Initiation: The sender provides SWIFT code IOBAINBBF45 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to INDIAN OVERSEAS BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: INDIAN OVERSEAS BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code IOBAINBBF45

• Spaces or lowercase letters — Always enter IOBAINBBF45 uppercase with no spaces.
• Using the wrong city — This code is for AMRITSAR only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within India.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm IOBAINBBF45 directly with INDIAN OVERSEAS BANK's AMRITSAR branch or via the SWIFT BIC Directory.