Indian Overseas Bank RAICHUR Branch IFSC Code

IOBA 0002159
Indian Overseas Bank Logo Indian Overseas Bank
RAICHUR — RAICHUR, KARNATAKA
MICR: 584020002 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
RAICHUR
IFSC Code
IOBA0002159
MICR Code
584020002
Address
11 BY 01 BY 103 BHANDARI COMPLEX,LOHARWADI,M.G.ROAD,RAICHUR,PIN 584101
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City
RAICHUR
District
RAICHUR
State
KARNATAKA
Contact
+918532250300

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0002159 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 IOBA0002159.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0002159.

IFSC Code Structure

I
O
B
A
0
0
0
2
1
5
9
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 002159 — Branch code (RAICHUR)

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Frequently Asked Questions

Is IOBA0002159 valid for online transfer?
Yes, IOBA0002159 is a valid IFSC code for Indian Overseas Bank RAICHUR branch in RAICHUR, KARNATAKA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0002159 belong to?
IOBA0002159 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 RAICHUR is 584020002. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0002159?
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.