IFSC Code IOBA0003295 - Indian Overseas Bank Darjeeling

Complete Guide to Indian Overseas Bank IFSC Code IOBA0003295 — Darjeeling Branch, Darjiling, West Bengal

The IFSC code IOBA0003295 identifies the Darjeeling branch of Indian Overseas Bank located in Darjiling, Darjiling district, West Bengal. Mandated by the Reserve Bank of India (RBI), this 11-character alphanumeric code is required for all electronic fund transfers — NEFT, RTGS, IMPS, and UPI — processed through the RBI's centralised payment infrastructure. Every bank branch in India holds a unique IFSC that routes digital money movements accurately to the correct destination account. Using the wrong IFSC can result in a failed transaction or, in rare cases, a credit to an unintended account, making verification essential before initiating any transfer.

Decoding IFSC Code IOBA0003295 of Indian Overseas Bank

The 11-character IFSC IOBA0003295 follows the RBI-prescribed structure: the first four characters identify the bank (IOBA for Indian Overseas Bank), the fifth character is always zero (reserved for future use), and the final six characters (003295) uniquely identify the Darjeeling branch in Darjiling, West Bengal. This structure lets RBI's payment gateway instantly determine the bank and branch for any transaction, enabling real-time routing without manual intervention.

NEFT Transfers Using IFSC IOBA0003295

National Electronic Funds Transfer (NEFT) is RBI's batch-based fund transfer system. To send money to an account at Indian Overseas Bank, Darjeeling branch (IFSC: IOBA0003295), add the beneficiary with this IFSC on your bank's internet or mobile banking portal. NEFT processes transfers in 48 half-hourly batches Monday–Saturday (except 2nd and 4th Saturdays and public holidays). Minimum transfer: ₹1; no upper limit. Funds credited within 2 hours of batch settlement. NEFT is ideal for non-urgent large transfers to Darjiling accounts.

RTGS Transfers to Indian Overseas Bank Darjeeling

Real Time Gross Settlement (RTGS) settles transactions individually and in real time — making it the fastest guaranteed fund transfer in India. Use IFSC IOBA0003295 when initiating RTGS to Indian Overseas Bank, Darjeeling, Darjiling. Minimum RTGS amount: ₹2 lakh; no upper cap. Available 24×7 on all days since December 2020. Funds are irrevocable once settled, making RTGS the preferred choice for high-value business payments, property transactions, and bulk corporate transfers to West Bengal accounts.

IMPS — Instant 24×7 Transfers to IFSC IOBA0003295

Immediate Payment Service (IMPS) enables instant interbank transfers round the clock, including weekends and holidays. To transfer to Indian Overseas Bank, Darjeeling (Darjiling), enter IFSC IOBA0003295 and the recipient's account number on your UPI or banking app. IMPS supports transfers up to ₹5 lakh per transaction. Funds arrive in seconds, making it ideal for urgent personal payments. Unlike NEFT, IMPS does not batch transfers — each transaction settles individually in real time at any hour.

Adding Indian Overseas Bank Darjeeling as a Beneficiary

To add the Darjeeling branch of Indian Overseas Bank (IFSC: IOBA0003295, Darjiling, West Bengal) as a beneficiary on any bank's internet banking: navigate to Fund Transfer → Manage Beneficiaries → Add New Beneficiary. Enter the account holder's name, account number, and IFSC IOBA0003295. Most banks impose a 4–24 hour cooling period before the first transfer to a newly added beneficiary, as a fraud-prevention measure. Always verify the IFSC and account number directly with the recipient before initiating a transfer.