Overview of IFSC Code IOBA0002971: The IFSC code IOBA0002971 uniquely identifies the Indian Overseas Bank branch located at Kesla in the Raipur district of Chhattisgarh. This 11-digit alphanumeric code is mandatory for routing electronic fund transfers like NEFT, RTGS, and IMPS to the correct bank account.

IFSC Code IOBA0002971 - Indian Overseas Bank Kesla

IOBA0002971 Indian Overseas Bank Kharora Raipur Chhattisgarh

BALODA BAZAR MAIN ROAD NEAR PRAKASH CLOTH MARKET P.O.KESLA RAIPUR 493225 RAIPUR CHATTISGARH

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Quick Info

IFSC: IOBA0002971

Pincode: 493225

District: Raipur

Status: Active

About Indian Overseas Bank Kesla

IFSC Code IOBA0002971 belongs to Indian Overseas Bank Kesla branch located in Kharora, Raipur, Chhattisgarh. This branch serves customers in Kharora, Raipur, Chhattisgarh and surrounding areas.

Understanding IFSC Code IOBA0002971

The IFSC (Indian Financial System Code) IOBA0002971 is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify this specific bank branch. The code structure follows a specific format:

  • First 4 characters (IOBA): Bank code identifying Indian Overseas Bank
  • 5th character (0): Reserved for future use (always 0)
  • Last 6 characters (002971): Unique branch identifier for Kesla
Electronic Fund Transfer Services

IFSC Code IOBA0002971 is essential for all electronic fund transfers in India. This code ensures that money transfers are routed to the correct bank branch. The following payment systems use IFSC codes:

NEFT (National Electronic Funds Transfer)

Batch processing system for fund transfers. Available Yes at this branch.

Processing: Multiple batches daily, typically settles within 2 hours during banking hours.

RTGS (Real Time Gross Settlement)

Real-time fund transfer for high-value transactions (minimum ₹2 lakh). Available Yes at this branch.

Processing: Real-time settlement, typically within minutes during RTGS hours.

IMPS (Immediate Payment Service)

24/7 instant fund transfer service via mobile or internet banking. Available Yes at this branch.

Processing: Instant transfer, available 24/7 including holidays.

UPI (Unified Payments Interface)

Instant mobile payment system using UPI ID or QR code. Available Yes at this branch.

Processing: Instant transfer, available 24/7, no IFSC code needed for UPI transactions.

Branch Location and Accessibility

The Indian Overseas Bank Kesla branch is located at BALODA BAZAR MAIN ROAD NEAR PRAKASH CLOTH MARKET P.O.KESLA RAIPUR 493225 RAIPUR CHATTISGARH (Pincode: 493225) in Kharora, Raipur, Chhattisgarh. This location serves customers in Kharora, Raipur, Chhattisgarh and nearby areas. When initiating any electronic fund transfer to an account held at this branch, you must use IFSC Code IOBA0002971 to ensure the transaction is routed correctly.

How to Use IFSC Code IOBA0002971

When making online fund transfers to an account at this branch, you will need:

  1. IFSC Code: IOBA0002971 (for NEFT, RTGS, IMPS)
  2. Account Number: The recipient's account number
  3. Account Holder Name: As registered with the bank
Important: Always verify the IFSC code before initiating any fund transfer. Incorrect IFSC codes can result in failed transactions or funds being sent to the wrong branch. This IFSC code information is verified from official Reserve Bank of India (RBI) records and is updated regularly to ensure accuracy.
Finding Other Indian Overseas Bank Branches

If you're looking for other Indian Overseas Bank branches in Kharora, Raipur, Chhattisgarh or nearby areas, use our Indian Overseas Bank branch finder. You can search by city, district, or state to find all Indian Overseas Bank branches with their respective IFSC codes.

Branch Details
IFSC Code: IOBA0002971
Bank Name: Indian Overseas Bank
Branch Name: Kesla
Address: BALODA BAZAR MAIN ROAD NEAR PRAKASH CLOTH MARKET P.O.KESLA RAIPUR 493225 RAIPUR CHATTISGARH
City: Kharora
District: Raipur
State: Chhattisgarh
Pincode: 493225
Payment Services Available
NEFT
Available
RTGS
Available
IMPS
Available
UPI
Available
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Indian Overseas Bank Kesla Branch IFSC Code IOBA0002971 — Complete Banking Guide for Kharora, Chhattisgarh

IFSC code IOBA0002971 belongs to the Kesla branch of Indian Overseas Bank in Kharora, Raipur district, Chhattisgarh. This 11-character code, assigned by the Reserve Bank of India, is mandatory for all digital fund transfers — NEFT, RTGS, IMPS, and UPI. Every payment initiated to an account at this branch must include IFSC IOBA0002971 to ensure accurate routing through India's centralised payment infrastructure. Providing an incorrect IFSC may delay or fail the transaction, so always verify the code before confirming any transfer.

About Indian Overseas Bank, Kesla Branch

The Kesla branch of Indian Overseas Bank in Kharora, Chhattisgarh serves retail and corporate customers in Raipur district with a full range of banking products. Services typically include savings and current accounts, fixed and recurring deposits, personal and home loans, vehicle finance, trade finance, locker facilities, and wealth management. The branch also supports digital banking — internet banking, mobile banking, UPI, and contactless debit/credit card issuance. Its IFSC IOBA0002971 is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.

Payment Methods Using IFSC IOBA0002971

Four primary digital payment rails use IFSC IOBA0002971 for transfers to Indian Overseas Bank, Kesla: NEFT — batch-based, 48 half-hourly settlements daily, no minimum amount, ideal for regular transfers; RTGS — real-time, 24×7, minimum ₹2 lakh, used for high-value transactions; IMPS — instant, 24×7, up to ₹5 lakh, best for urgent transfers; UPI — uses Virtual Payment Address (VPA) linked to accounts at this branch, instant and zero-cost for most transactions. For each method, the sender's bank verifies IFSC IOBA0002971 against the RBI IFSC master list before processing the payment.

MICR Code and Branch Details

In addition to the IFSC, the Kesla branch of Indian Overseas Bank in Kharora carries a MICR (Magnetic Ink Character Recognition) code — a 9-digit number printed on cheques that identifies the bank, city, and branch for cheque clearing through the MICR-based clearing system. While NEFT/RTGS/IMPS use the IFSC IOBA0002971 exclusively for electronic transfers, MICR remains relevant for paper-based cheque processing. Both codes are listed on this page for complete branch reference.

How to Verify IFSC IOBA0002971 Before Transferring

Before initiating any high-value transfer to IFSC IOBA0002971, verify the code through: (1) the RBI's official IFSC repository at rbi.org.in; (2) Indian Overseas Bank's official website branch locator; (3) MahaFind's IFSC lookup — the page you are currently viewing. Cross-reference the branch address and bank name displayed here against the details provided by your recipient to confirm accuracy. A mismatch in even one character of the IFSC can reroute your transfer to a different branch entirely.

FAQs — Indian Overseas Bank Kesla, Kharora IFSC

What is the IFSC of Indian Overseas Bank Kesla in Kharora?

The IFSC of Indian Overseas Bank, Kesla branch in Kharora, Chhattisgarh is IOBA0002971. Use this for NEFT, RTGS, IMPS, and UPI transfers to any account at this branch.

What is the minimum amount for NEFT to IFSC IOBA0002971?

There is no minimum amount for NEFT transfers. You can send as little as ₹1. RTGS requires a minimum of ₹2 lakh. IMPS supports up to ₹5 lakh per transaction. All three use IFSC IOBA0002971 to route funds to Indian Overseas Bank, Kesla, Kharora.

Who assigns IFSC codes like IOBA0002971?

The Reserve Bank of India (RBI) assigns all IFSC codes in India. Indian Overseas Bank applied for the IFSC for its Kesla branch in Kharora, and RBI issued IOBA0002971 as the unique identifier. The complete list of valid IFSCs is maintained in RBI's IFSC master directory.

Can I use IFSC IOBA0002971 for UPI payments?

UPI payments are linked to a Virtual Payment Address (VPA) rather than an IFSC directly, but the underlying account is mapped to IFSC IOBA0002971 at Indian Overseas Bank, Kesla, Kharora. When sending money via NEFT/RTGS/IMPS to this branch's account holders, always use IFSC IOBA0002971.

About IFSC Code IOBA0002971

IFSC Code IOBA0002971 belongs to Indian Overseas Bank branch Kesla located in Kharora, Raipur, Chhattisgarh.

Branch Information

  • IFSC Code: IOBA0002971
  • Bank: Indian Overseas Bank
  • Branch: Kesla
  • Address: BALODA BAZAR MAIN ROAD NEAR PRAKASH CLOTH MARKET P.O.KESLA RAIPUR 493225 RAIPUR CHATTISGARH
  • City: Kharora
  • District: Raipur
  • State: Chhattisgarh
  • Pincode: 493225

Payment Services

  • NEFT: Available
  • RTGS: Available
  • IMPS: Available
  • UPI: Available
Note: IFSC (Indian Financial System Code) is an 11-character code used to identify bank branches for electronic fund transfers (NEFT, RTGS, IMPS). Always verify the IFSC code before initiating any transaction.

Frequently Asked Questions

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches for electronic fund transfers. You can find IFSC code using our IFSC code search tool by entering the bank name, branch name, or the IFSC code itself.

To check IFSC code, use our IFSC code search tool. Enter the bank name and branch name, or search by IFSC code directly. You can also find banks near me by searching with your location.

IFSC code format consists of 11 characters: first 4 characters represent the bank name, followed by a zero (0), and the last 6 characters represent the branch code. For example, HDFC0001234 where HDFC is the bank code and 001234 is the branch code.

To find banks near me, use our IFSC finder tool. Enter your city or location, and we will show you all nearby bank branches with their IFSC codes, addresses, and contact details.

IFSC code is used for electronic fund transfers (NEFT, RTGS, IMPS) and is 11 characters long. MICR code is used for cheque processing and is 9 digits long. Both codes uniquely identify a bank branch.

You can verify IFSC code using our check IFSC code tool. Enter the IFSC code, and we will display the complete branch details including bank name, branch name, address, and available payment services (NEFT, RTGS, IMPS, UPI).

Yes, IFSC code is required for all electronic fund transfer methods including NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service). Our tool shows which services are available for each branch.

To get IFSC code by bank name and branch, use our search tool. Select "Search by Bank & Branch" option, enter the bank name (e.g., Indian Overseas Bank) and branch name, and we will display the complete IFSC code details.