Below are the complete branch details for Indian Overseas Bank, BALOTRA branch, located in BALOTRA, RAJASTHAN. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0004124. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IOBA0004124 for Indian Overseas Bank – BALOTRA — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – BALOTRA is IOBA0004124. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 004124 map to this branch in BALOTRA, RAJASTHAN.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Balotra branch in Balotra, Rajasthan is part of this network and uses the IFSC code IOBA0004124 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Balotra |
| IFSC Code | IOBA0004124 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA |
| City | Balotra |
| District | Balotra |
| State | Rajasthan |
| STD Code | 2988 |
| Phone | 0 |
About this branch
The branch is located at SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA. It serves the Balotra 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 IOBA0004124 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 BALOTRA branch came to be assigned the code IOBA0004124.
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 IOBA0004124, money simply cannot be routed to the BALOTRA branch electronically.
Account types you can open at the Balotra branch
Once you have an account at Indian Overseas Bank – BALOTRA, the IFSC IOBA0004124 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.
Products and services
Customers walking into the Balotra branch can access most of Indian Overseas Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IOBA0004124
How to transfer money using IFSC IOBA0004124
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 IOBA0004124 across all three.
NEFT to Indian Overseas Bank, BALOTRA using IFSC IOBA0004124
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 IOBA0004124, and confirm that the system picks up Indian Overseas Bank – BALOTRA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0004124
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 – BALOTRA, ensure your bank's portal accepts IFSC IOBA0004124 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank BALOTRA (IFSC IOBA0004124)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0004124 in your mobile or internet banking app, and the money is credited to the BALOTRA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0004124 for Indian Overseas Bank – BALOTRA, 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 – IOBA0004124 | Yes – IOBA0004124 | Yes – IOBA0004124 |
For most retail customers crediting the Balotra 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.
UPI payments and IFSC IOBA0004124
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 – BALOTRA is still mapped to IFSC IOBA0004124. 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 IOBA0004124 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0004124
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the BALOTRA 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 IOBA0004124 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.
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 IOBA0004124 and the account number together uniquely identify the Balotra branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – BALOTRA:
- The IFSC is exactly IOBA0004124 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 BALOTRA 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 Balotra branch sits at SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA. If you are travelling from outside Balotra, search for the branch on a maps application using the bank name and locality, or call 2988-0 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 IOBA0004124 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0004124 for Indian Overseas Bank – BALOTRA, 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.
Working hours
Branch counters at Balotra 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 IOBA0004124 continue to work without interruption.
Branch address & contact
Indian Overseas BankBalotra Branch
SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA
Balotra, Rajasthan
Phone: 2988-0
IFSC: IOBA0004124
Frequently asked questions
What is the phone number of Indian Overseas Bank Balotra branch?
You can reach the branch at 2988-0 during regular banking hours.
Can I use IFSC IOBA0004124 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0004124 to send funds instantly.
Is IFSC IOBA0004124 valid for NEFT and RTGS?
Yes. IFSC IOBA0004124 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Balotra branch but serve different purposes.
Where is Indian Overseas Bank Balotra branch located?
Indian Overseas Bank's Balotra branch is located at SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA, Balotra, Rajasthan.
How do I add Indian Overseas Bank Balotra as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0004124, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0004124 belongs to Indian Overseas Bank's BALOTRA branch, located at SHOP NO.35 , 36 NEAR HERO SHOWROOM, KHER ROAD, INDUSTRIAL AREA, BALOTRA in BALOTRA, RAJASTHAN. 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.
