Use this page as a one-stop reference for everything related to Indian Overseas Bank's BARGARH branch in BARGARH, ORISSA. The branch's IFSC code IOBA0001504 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.
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, IOBA0001504 is the IFSC of Indian Overseas Bank's BARGARH branch. The format is fixed: IOBA = bank code, 0 = reserved, 001504 = branch identifier.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Bargarh branch in Bargarh, Orissa is part of this network and uses the IFSC code IOBA0001504 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Bargarh |
| IFSC Code | IOBA0001504 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028 |
| City | Bargarh |
| District | Balasore |
| State | Orissa |
| STD Code | 6646 |
| Phone | 233237 |
About the Bargarh branch
The Bargarh branch of Indian Overseas Bank is situated at 1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028. 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 IOBA0001504 is used.
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 BARGARH branch came to be assigned the code IOBA0001504.
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 IOBA0001504, money simply cannot be routed to the BARGARH branch electronically.
Account types you can open at the Bargarh branch
Once you have an account at Indian Overseas Bank – BARGARH, the IFSC IOBA0001504 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 Bargarh 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 IOBA0001504
How to transfer money using IFSC IOBA0001504
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 IOBA0001504 across all three.
NEFT to Indian Overseas Bank, BARGARH using IFSC IOBA0001504
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 IOBA0001504, and confirm that the system picks up Indian Overseas Bank – BARGARH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0001504
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 – BARGARH, ensure your bank's portal accepts IFSC IOBA0001504 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – BARGARH, use IMPS. With IFSC IOBA0001504 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 Bargarh
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 IOBA0001504:
- 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 BARGARH is still linked to IFSC IOBA0001504.
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 IOBA0001504
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 – BARGARH is still mapped to IFSC IOBA0001504. 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 IOBA0001504 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Bargarh 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 IOBA0001504 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.
MICR & cheque-truncation details
Cheques drawn on the Bargarh branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001504 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – BARGARH:
- The IFSC is exactly IOBA0001504 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 BARGARH 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 Bargarh branch sits at 1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028. If you are travelling from outside Bargarh, search for the branch on a maps application using the bank name and locality, or call 6646-233237 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 IOBA0001504 and your account number.
Verifying IFSC IOBA0001504 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 IOBA0001504 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 6646-233237.
- 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 Bargarh branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001504, however, work 24x7.
Branch address & contact
Indian Overseas BankBargarh Branch
1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028
Bargarh, Orissa
Phone: 6646-233237
IFSC: IOBA0001504
Frequently asked questions
Where is Indian Overseas Bank Bargarh branch located?
Indian Overseas Bank's Bargarh branch is located at 1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028, Bargarh, Orissa.
Is IFSC IOBA0001504 valid for NEFT and RTGS?
Yes. IFSC IOBA0001504 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IOBA0001504 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001504 to send funds instantly.
How quickly will an NEFT transfer using IOBA0001504 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Bargarh reflect within 30 minutes.
How do I add Indian Overseas Bank Bargarh as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001504, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indian Overseas Bank Bargarh branch?
You can reach the branch at 6646-233237 during regular banking hours.
Summary
The IFSC code IOBA0001504 belongs to Indian Overseas Bank's BARGARH branch, located at 1ST FLOOR SASHI MARKET COMPL,CANAL AVENUE,MAIN ROAD,BARGARH,PIN 768028 in BARGARH, ORISSA. 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.
