Indian Overseas Bank NEW AMRITSAR Branch IFSC Code

IOBA 0002440
Indian Overseas Bank Logo Indian Overseas Bank
NEW AMRITSAR — AMRITSAR, PUNJAB
MICR: 143020009 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
NEW AMRITSAR
IFSC Code
IOBA0002440
MICR Code
143020009
Address
SCF NO 44,NEW AMRITSAR MARKET BHAI GURDASJI NAGAR,AMRITSAR PINCODE 143001
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City
AMRITSAR
District
AMRITSAR
State
PUNJAB
Contact
2580330

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0002440 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 IOBA0002440.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0002440.

IFSC Code Structure

I
O
B
A
0
0
0
2
4
4
0
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 002440 — Branch code (NEW AMRITSAR)

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Frequently Asked Questions

Is IOBA0002440 valid for online transfer?
Yes, IOBA0002440 is a valid IFSC code for Indian Overseas Bank NEW AMRITSAR branch in AMRITSAR, PUNJAB. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0002440 belong to?
IOBA0002440 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 NEW AMRITSAR is 143020009. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0002440?
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.