If you are searching for the IFSC code of Indian Overseas Bank, ARANGAON branch in AHMADNAGAR, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is IOBA0000721. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the ARANGAON branch, and detailed step-by-step guides for using the IFSC IOBA0000721 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indian Overseas Bank – ARANGAON is IOBA0000721. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000721 map to this branch in AHMADNAGAR, MAHARASHTRA.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Arangaon |
| IFSC Code | IOBA0000721 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005 |
| City | Ahmadnagar |
| District | Ahmadnagar |
| State | Maharashtra |
| Phone | 58742 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Arangaon branch in Ahmadnagar. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IOBA0000721.
About this branch
The branch is located at 986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005. It serves the Ahmadnagar region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Indian Overseas Bank. The IFSC IOBA0000721 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Indian Overseas Bank's ARANGAON branch came to be assigned the code IOBA0000721.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IOBA0000721, money simply cannot be routed to the ARANGAON branch electronically.
How to transfer money using IFSC IOBA0000721
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IOBA0000721 across all three.
NEFT to Indian Overseas Bank, ARANGAON using IFSC IOBA0000721
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IOBA0000721, and confirm that the system picks up Indian Overseas Bank – ARANGAON. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to ARANGAON
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's ARANGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000721 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank ARANGAON (IFSC IOBA0000721)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000721 in your mobile or internet banking app, and the money is credited to the ARANGAON branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Arangaon
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IOBA0000721:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at ARANGAON is still linked to IFSC IOBA0000721.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IOBA0000721
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Indian Overseas Bank – ARANGAON is still mapped to IFSC IOBA0000721. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC IOBA0000721 and the beneficiary's account number to complete the transfer.
Account types you can open at the Arangaon branch
Once you have an account at Indian Overseas Bank – ARANGAON, the IFSC IOBA0000721 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Arangaon branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 58742.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IOBA0000721
MICR & cheque-truncation details
Cheques drawn on the Arangaon branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000721 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Arangaon branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IOBA0000721 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Indian Overseas Bank – ARANGAON:
- The IFSC is exactly IOBA0000721 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Indian Overseas Bank as the bank name and ARANGAON as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Arangaon branch sits at 986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005. If you are travelling from outside Ahmadnagar, search for the branch on a maps application using the bank name and locality, or call 58742 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IOBA0000721 and your account number.
Verifying IFSC IOBA0000721 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm IOBA0000721 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 58742.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Arangaon branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000721, however, work 24x7.
Branch address & contact
Indian Overseas BankArangaon Branch
986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005
Ahmadnagar, Maharashtra
Phone: 58742
IFSC: IOBA0000721
Frequently asked questions
Does Indian Overseas Bank Arangaon branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 58742 to confirm.
How quickly will an NEFT transfer using IOBA0000721 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Arangaon reflect within 30 minutes.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Arangaon branch but serve different purposes.
How do I add Indian Overseas Bank Arangaon as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000721, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Overseas Bank Arangaon branch?
The IFSC code of Indian Overseas Bank, Arangaon branch is IOBA0000721. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Indian Overseas Bank Arangaon branch located?
Indian Overseas Bank's Arangaon branch is located at 986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005, Ahmadnagar, Maharashtra.
Is IFSC IOBA0000721 valid for NEFT and RTGS?
Yes. IFSC IOBA0000721 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC IOBA0000721 the same for all accounts at Arangaon branch?
Yes. The IFSC IOBA0000721 is shared by every account held at Indian Overseas Bank's Arangaon branch. Only the account number changes from customer to customer.
Summary
The IFSC code IOBA0000721 belongs to Indian Overseas Bank's ARANGAON branch, located at 986 PANCHAYAT BUILDING,I ARANGAON,MEHERABAD,PIN 414005 in AHMADNAGAR, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
