Indian Overseas Bank MLA COLONY Branch IFSC Code

IOBA 0002397
Indian Overseas Bank Logo Indian Overseas Bank
MLA COLONY — HYDERABAD, ANDHRA PRADESH
MICR: 500020040 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
MLA COLONY
IFSC Code
IOBA0002397
MICR Code
500020040
Address
D NO 8 2 293 BY 82 BY L BY 284 BY A,GROUND FLOOR,MLA S COLONY,ROAD NO 12,BANJARA HILLS,HYDERABAD
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City
HYDERABAD
District
HYDERABAD
State
ANDHRA PRADESH
Contact
+914428584896

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0002397 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 IOBA0002397.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0002397.

IFSC Code Structure

I
O
B
A
0
0
0
2
3
9
7
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 002397 — Branch code (MLA COLONY)

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Frequently Asked Questions

Is IOBA0002397 valid for online transfer?
Yes, IOBA0002397 is a valid IFSC code for Indian Overseas Bank MLA COLONY branch in HYDERABAD, ANDHRA PRADESH. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0002397 belong to?
IOBA0002397 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 MLA COLONY is 500020040. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0002397?
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.