Use this page as a one-stop reference for everything related to Indian Overseas Bank's MUSADIA branch in ATHARBANKI, ODISHA. The branch's IFSC code IOBA0001840 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indian Overseas Bank's MUSADIA branch, the IFSC IOBA0001840 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 001840 identifies this particular branch.
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Musadia branch — IFSC IOBA0001840 — extends the bank's services to customers in and around Atharbanki, Odisha.
About this branch
The branch is located at IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120. It serves the Atharbanki 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 IOBA0001840 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Musadia |
| IFSC Code | IOBA0001840 |
| MICR Code | Refer to cheque leaf |
| Branch Address | IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120 |
| City | Atharbanki |
| District | Jagatsinghpur |
| State | Odisha |
| Phone | 264360 |
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 MUSADIA branch came to be assigned the code IOBA0001840.
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 IOBA0001840, money simply cannot be routed to the MUSADIA branch electronically.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indian Overseas Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IOBA0001840 and the account number together uniquely identify the Musadia branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0001840
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 IOBA0001840 across all three.
NEFT to Indian Overseas Bank, MUSADIA using IFSC IOBA0001840
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 IOBA0001840, and confirm that the system picks up Indian Overseas Bank – MUSADIA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0001840
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indian Overseas Bank – MUSADIA, ensure your bank's portal accepts IFSC IOBA0001840 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – MUSADIA, use IMPS. With IFSC IOBA0001840 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001840 for Indian Overseas Bank – MUSADIA, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IOBA0001840 | Yes – IOBA0001840 | Yes – IOBA0001840 |
For most retail customers crediting the Musadia branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indian Overseas Bank's MUSADIA branch, the IFSC IOBA0001840 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Musadia branch
Once you have an account at Indian Overseas Bank – MUSADIA, the IFSC IOBA0001840 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 Musadia branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 264360.
- 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 IOBA0001840
Online banking and IFSC IOBA0001840
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the MUSADIA branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IOBA0001840 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Reaching the branch
The Musadia branch sits at IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120. If you are travelling from outside Atharbanki, search for the branch on a maps application using the bank name and locality, or call 264360 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 IOBA0001840 and your account number.
Common mistakes to avoid when using IFSC IOBA0001840
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indian Overseas Bank – MUSADIA, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IOBA0001840. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Working hours
Branch counters at Musadia are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IOBA0001840 continue to work without interruption.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0001840 for Indian Overseas Bank – MUSADIA, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Indian Overseas BankMusadia Branch
IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120
Atharbanki, Odisha
Phone: 264360
IFSC: IOBA0001840
Frequently asked questions
What is the IFSC code of Indian Overseas Bank Musadia branch?
The IFSC code of Indian Overseas Bank, Musadia branch is IOBA0001840. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Musadia branch but serve different purposes.
How quickly will an NEFT transfer using IOBA0001840 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Musadia reflect within 30 minutes.
Is IFSC IOBA0001840 the same for all accounts at Musadia branch?
Yes. The IFSC IOBA0001840 is shared by every account held at Indian Overseas Bank's Musadia branch. Only the account number changes from customer to customer.
Does Indian Overseas Bank Musadia branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 264360 to confirm.
Can I use IFSC IOBA0001840 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001840 to send funds instantly.
Where is Indian Overseas Bank Musadia branch located?
Indian Overseas Bank's Musadia branch is located at IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120, Atharbanki, Odisha.
How do I add Indian Overseas Bank Musadia as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001840, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0001840 belongs to Indian Overseas Bank's MUSADIA branch, located at IFFCO CAMOUS,ATHARBANKI POST,PARADEEP,JAGATSINGHPUR DIST,MUSADIA,PIN 754120 in ATHARBANKI, ODISHA. 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.
