Indian Overseas Bank SOMNATHPUR Branch IFSC Code

IOBA 0001243
Indian Overseas Bank Logo Indian Overseas Bank
SOMNATHPUR — BALESHWAR, ODISHA
MICR: 756020502 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
SOMNATHPUR
IFSC Code
IOBA0001243
MICR Code
756020502
Address
AT PO SOMNATHPUR,VIA REMUNA,SOMNATHPUR,PIN 756019
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City
BALESHWAR
District
REMUNA
State
ODISHA
Contact
+914428584896

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0001243 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 IOBA0001243.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001243.

IFSC Code Structure

I
O
B
A
0
0
0
1
2
4
3
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 001243 — Branch code (SOMNATHPUR)

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Frequently Asked Questions

Is IOBA0001243 valid for online transfer?
Yes, IOBA0001243 is a valid IFSC code for Indian Overseas Bank SOMNATHPUR branch in BALESHWAR, ODISHA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001243 belong to?
IOBA0001243 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 SOMNATHPUR is 756020502. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001243?
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.