This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, MALLESWARAM branch in BANGALORE. The 11-digit IFSC IOBA0000323 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indian Overseas Bank at the MALLESWARAM location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IOBA0000323 is the IFSC of Indian Overseas Bank's MALLESWARAM branch. The format is fixed: IOBA = bank code, 0 = reserved, 000323 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Malleswaram |
| IFSC Code | IOBA0000323 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE - 560055 |
| City | Bangalore |
| District | Bangalore Urban |
| State | Karnataka |
| Phone | 22950326 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Malleswaram branch in Bangalore. 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, IOBA0000323.
About the Malleswaram branch
The Malleswaram branch of Indian Overseas Bank is situated at SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE - 560055. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IOBA0000323 is used.
Why every Indian Overseas Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MALLESWARAM of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0000323 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IOBA0000323 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IOBA0000323
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 IOBA0000323 across all three.
NEFT to Indian Overseas Bank, MALLESWARAM using IFSC IOBA0000323
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 IOBA0000323, and confirm that the system picks up Indian Overseas Bank – MALLESWARAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MALLESWARAM
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's MALLESWARAM branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000323 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – MALLESWARAM, use IMPS. With IFSC IOBA0000323 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Malleswaram
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 IOBA0000323:
- 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 MALLESWARAM is still linked to IFSC IOBA0000323.
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.
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 MALLESWARAM branch, the IFSC IOBA0000323 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 Malleswaram branch
Once you have an account at Indian Overseas Bank – MALLESWARAM, the IFSC IOBA0000323 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 Malleswaram 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 IOBA0000323
MICR & cheque-truncation details
Cheques drawn on the Malleswaram branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000323 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IOBA0000323
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the MALLESWARAM 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 IOBA0000323 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.
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 – MALLESWARAM:
- The IFSC is exactly IOBA0000323 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 MALLESWARAM 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 Malleswaram branch sits at SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE - 560055. If you are travelling from outside Bangalore, search for the branch on a maps application using the bank name and locality, or call 22950326 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 IOBA0000323 and your account number.
Verifying IFSC IOBA0000323 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 IOBA0000323 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22950326.
- 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 Malleswaram branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000323, however, work 24x7.
Branch address & contact
Indian Overseas BankMalleswaram Branch
SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE - 560055
Bangalore, Karnataka
Phone: 22950326
IFSC: IOBA0000323
Frequently asked questions
How do I add Indian Overseas Bank Malleswaram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000323, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IOBA0000323 valid for NEFT and RTGS?
Yes. IFSC IOBA0000323 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indian Overseas Bank Malleswaram branch?
You can reach the branch at 22950326 during regular banking hours.
Where is Indian Overseas Bank Malleswaram branch located?
Indian Overseas Bank's Malleswaram branch is located at SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE - 560055, Bangalore, Karnataka.
What is the IFSC code of Indian Overseas Bank Malleswaram branch?
The IFSC code of Indian Overseas Bank, Malleswaram branch is IOBA0000323. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0000323 the same for all accounts at Malleswaram branch?
Yes. The IFSC IOBA0000323 is shared by every account held at Indian Overseas Bank's Malleswaram branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0000323 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000323 to send funds instantly.
Does Indian Overseas Bank Malleswaram branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22950326 to confirm.
Summary
The IFSC code IOBA0000323 belongs to Indian Overseas Bank's MALLESWARAM branch, located at SITE 162, X MAIN ROAD, X V CROSS, OPP MES COLLEGE, MALLESWARAM WEST, BANGALORE… in BANGALORE, KARNATAKA. 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.
