Indian Overseas Bank NANDED Branch IFSC Code

IOBA 0002240
Indian Overseas Bank Logo Indian Overseas Bank
NANDED — JALGAON, MAHARASHTRA
MICR: 431020102 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
NANDED
IFSC Code
IOBA0002240
MICR Code
431020102
Address
300 SAALAN SHOPPING COMPLEX NAGINA GHAT ROAD NANDED MAHARASHTRA 432601
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City
JALGAON
District
NANDED
State
MAHARASHTRA
Contact
+912462230001

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0002240 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 IOBA0002240.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0002240.

IFSC Code Structure

I
O
B
A
0
0
0
2
2
4
0
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 002240 — Branch code (NANDED)

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Frequently Asked Questions

Is IOBA0002240 valid for online transfer?
Yes, IOBA0002240 is a valid IFSC code for Indian Overseas Bank NANDED branch in JALGAON, MAHARASHTRA. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0002240 belong to?
IOBA0002240 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 NANDED is 431020102. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0002240?
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.