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It is very important to find correct branch before initiating any bank process. Though all banks will have a mechnism to verify the Merchant Banking Division 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 Merchant Banking Division branch is the cheque book. All banks will print the Merchant Banking Division on the cheque books. Also, your account pass book should have the Merchant Banking Division branch printed.
The address of Merchant Banking Division branch is 762.763 annasalai ,chennai 600002, which is located in Chennai District of Tamil Nadu State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for Indian Overseas Bank Merchant Banking Division is also provided.
Merchant Banking Division 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 Merchant Banking Division branch, fund transfer between these banks is also possible.
Find more information on Merchant Banking Division Branch of Indian Overseas Bank
*The Bank Branch information information presented above is for reference only. Please verify Bank Branch details before initiating any transfer or operation!