Indian Overseas Bank DAKRA Branch IFSC Code

IOBA 0000558
Indian Overseas Bank Logo Indian Overseas Bank
DAKRA — RANCHI, JHARKHAND
MICR: 834020501 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
DAKRA
IFSC Code
IOBA0000558
MICR Code
834020501
Address
DAKRA COLLIERY KHELARI P.O.DAKRA PIN 829210
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City
RANCHI
District
KHELARI
State
JHARKHAND
Contact
+916531236840

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0000558 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.

RTGS Transfer

This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code IOBA0000558.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0000558.

IFSC Code Structure

I
O
B
A
0
0
0
0
5
5
8
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 000558 — Branch code (DAKRA)

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Frequently Asked Questions

Is IOBA0000558 valid for online transfer?
Yes, IOBA0000558 is a valid IFSC code for Indian Overseas Bank DAKRA branch in RANCHI, JHARKHAND. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0000558 belong to?
IOBA0000558 belongs to Indian Overseas Bank. The first 4 characters "IOBA" identify the bank.
What is the MICR code for this branch?
The MICR code for Indian Overseas Bank DAKRA is 834020501. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0000558?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.