IFSC Code IOBA0003849 - Indian Overseas Bank Retail Loan Processing Center - Bangalore

Indian Overseas Bank Retail Loan Processing Center - Bangalore Branch IFSC Code IOBA0003849 — Complete Banking Guide for Bangalore, Karnataka

IFSC code IOBA0003849 belongs to the Retail Loan Processing Center - Bangalore branch of Indian Overseas Bank in Bangalore, Bengaluru district, Karnataka. 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 IOBA0003849 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, Retail Loan Processing Center - Bangalore Branch

The Retail Loan Processing Center - Bangalore branch of Indian Overseas Bank in Bangalore, Karnataka serves retail and corporate customers in Bengaluru 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 IOBA0003849 is the key identifier for all fund transfers routed to accounts at this location through RBI's payment systems.

Payment Methods Using IFSC IOBA0003849

Four primary digital payment rails use IFSC IOBA0003849 for transfers to Indian Overseas Bank, Retail Loan Processing Center - Bangalore: 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 IOBA0003849 against the RBI IFSC master list before processing the payment.

MICR Code and Branch Details

In addition to the IFSC, the Retail Loan Processing Center - Bangalore branch of Indian Overseas Bank in Bangalore 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 IOBA0003849 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 IOBA0003849 Before Transferring

Before initiating any high-value transfer to IFSC IOBA0003849, 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.