Indian Overseas Bank DERABASSI Branch IFSC Code

IOBA 0001737
Indian Overseas Bank Logo Indian Overseas Bank
DERABASSI — PATIALA, PUNJAB
MICR: 160020008 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
DERABASSI
IFSC Code
IOBA0001737
MICR Code
160020008
Address
CHANDIGARHAMBALA NAT HIGHWAY,NEAR SUKHMANI INST OF ENG TECH,DERABASSI
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City
PATIALA
District
DERA BASSI
State
PUNJAB
Contact
+914428584896

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0001737 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 IOBA0001737.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001737.

IFSC Code Structure

I
O
B
A
0
0
0
1
7
3
7
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 001737 — Branch code (DERABASSI)

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Frequently Asked Questions

Is IOBA0001737 valid for online transfer?
Yes, IOBA0001737 is a valid IFSC code for Indian Overseas Bank DERABASSI branch in PATIALA, PUNJAB. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001737 belong to?
IOBA0001737 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 DERABASSI is 160020008. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001737?
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.