Indian Overseas Bank LALRU MANDI Branch IFSC Code
IOBA 0001503
Indian Overseas Bank LALRU MANDI — PATIALA, PUNJAB
MICR: 160020017
RTGS: ✓
NEFT: ✓
IMPS: ✓
UPI: ✓
Branch Details
- Bank
- Indian Overseas Bank
- Branch
- LALRU MANDI
- IFSC Code
- IOBA0001503
- MICR Code
- 160020017
- Address
- DANA MANDI SHOP NO 4, LALRU MANDI, TEHASIL DERA BASSI, LALRU MANDI140501 Open in Google Maps
- City
- PATIALA
- District
- LALRU
- State
- PUNJAB
- Contact
- 274680
How to Use This IFSC Code
NEFT Transfer
Use IFSC code IOBA0001503 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 IOBA0001503.
IMPS Transfer
IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001503.
IFSC Code Structure
I
O
B
A
0
0
0
1
5
0
3
- IOBA — Bank code (Indian Overseas Bank)
- 0 — Reserved (always 0)
- 001503 — Branch code (LALRU MANDI)
Nearby Indian Overseas Bank Branches in PATIALA
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IOBA0000515
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MICR: 140020402 RTGS ✓ NEFT ✓ IMPS ✓
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ZIRAKPUR
IOBA0001499
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DERABASSI
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TRIPARI PATIALA
IOBA0001752
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MICR: 147020002 RTGS ✓ NEFT ✓ IMPS ✓
Frequently Asked Questions
Is IOBA0001503 valid for online transfer?
Yes, IOBA0001503 is a valid IFSC code for Indian Overseas Bank LALRU MANDI branch in PATIALA, PUNJAB. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001503 belong to?
IOBA0001503 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 LALRU MANDI is 160020017. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001503?
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.