If you are searching for the IFSC code of Indian Overseas Bank, OGB -BANSPAL branch in BANSPAL, ODISHA, this page has every detail you need. The verified IFSC code for this branch is IOBA0GB2003. 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 OGB -BANSPAL branch, and detailed step-by-step guides for using the IFSC IOBA0GB2003 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.
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 OGB -BANSPAL branch, the IFSC IOBA0GB2003 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and GB2003 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Ogb -Banspal |
| IFSC Code | IOBA0GB2003 |
| MICR Code | Refer to cheque leaf |
| Branch Address | AT/PO-BANSPAL,DIST-KEONJHARPIN-758072, |
| City | Banspal |
| District | Keonjhar |
| State | Odisha |
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Ogb -Banspal branch in Banspal, Odisha is part of this network and uses the IFSC code IOBA0GB2003 for all electronic settlement.
About this branch
The branch is located at AT/PO-BANSPAL,DIST-KEONJHARPIN-758072,. It serves the Banspal 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 IOBA0GB2003 is used to identify this branch on the RBI payments network.
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 OGB -BANSPAL of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0GB2003 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 IOBA0GB2003 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 IOBA0GB2003
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 IOBA0GB2003 across all three.
NEFT to Indian Overseas Bank, OGB -BANSPAL using IFSC IOBA0GB2003
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 IOBA0GB2003, and confirm that the system picks up Indian Overseas Bank – OGB -BANSPAL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0GB2003
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 – OGB -BANSPAL, ensure your bank's portal accepts IFSC IOBA0GB2003 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – OGB -BANSPAL, use IMPS. With IFSC IOBA0GB2003 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 IOBA0GB2003 for Indian Overseas Bank – OGB -BANSPAL, 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 – IOBA0GB2003 | Yes – IOBA0GB2003 | Yes – IOBA0GB2003 |
For most retail customers crediting the Ogb -Banspal 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 IOBA0GB2003
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 – OGB -BANSPAL is still mapped to IFSC IOBA0GB2003. 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 IOBA0GB2003 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Ogb -Banspal branch is mapped to IFSC IOBA0GB2003 on the RBI payments network. The branch generally supports the full retail product catalogue of Indian Overseas Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IOBA0GB2003.
Products and services
Customers walking into the Ogb -Banspal 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 IOBA0GB2003
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 IOBA0GB2003 and the account number together uniquely identify the Ogb -Banspal branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Ogb -Banspal 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 IOBA0GB2003 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 – OGB -BANSPAL:
- The IFSC is exactly IOBA0GB2003 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 OGB -BANSPAL 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.
How to reach the Ogb -Banspal branch
The branch is located at AT/PO-BANSPAL,DIST-KEONJHARPIN-758072,, which puts it inside Banspal, the broader Keonjhar district, and the state of Odisha. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Ogb -Banspal branch” — the verified location pin for IFSC IOBA0GB2003 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IOBA0GB2003 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0GB2003 for Indian Overseas Bank – OGB -BANSPAL, 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 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 Ogb -Banspal branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0GB2003, however, work 24x7.
Branch address & contact
Indian Overseas BankOgb -Banspal Branch
AT/PO-BANSPAL,DIST-KEONJHARPIN-758072,
Banspal, Odisha
Phone: the branch contact number
IFSC: IOBA0GB2003
Frequently asked questions
What is the phone number of Indian Overseas Bank Ogb -Banspal branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC IOBA0GB2003 the same for all accounts at Ogb -Banspal branch?
Yes. The IFSC IOBA0GB2003 is shared by every account held at Indian Overseas Bank's Ogb -Banspal branch. Only the account number changes from customer to customer.
Is IFSC IOBA0GB2003 valid for NEFT and RTGS?
Yes. IFSC IOBA0GB2003 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 Ogb -Banspal branch but serve different purposes.
Can I use IFSC IOBA0GB2003 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0GB2003 to send funds instantly.
Where is Indian Overseas Bank Ogb -Banspal branch located?
Indian Overseas Bank's Ogb -Banspal branch is located at AT/PO-BANSPAL,DIST-KEONJHARPIN-758072,, Banspal, Odisha.
How do I add Indian Overseas Bank Ogb -Banspal as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0GB2003, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Indian Overseas Bank Ogb -Banspal branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
Summary
The IFSC code IOBA0GB2003 belongs to Indian Overseas Bank's OGB -BANSPAL branch, located at AT/PO-BANSPAL,DIST-KEONJHARPIN-758072, in BANSPAL, 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.
