Use this page as a one-stop reference for everything related to Indian Overseas Bank's BELA branch in BHANDARA, MAHARASHTRA. The branch's IFSC code IOBA0003175 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 BELA branch, the IFSC IOBA0003175 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 003175 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Bela |
| IFSC Code | IOBA0003175 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PLOT 58,RAJIV NAGAR,BELA,BHANDARA TK,BHANDARA DIST 441906 |
| City | Bhandara |
| District | Bhandara |
| State | Maharashtra |
| STD Code | 44 |
| Phone | 28584896 |
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Bela branch — IFSC IOBA0003175 — extends the bank's services to customers in and around Bhandara, Maharashtra.
About this branch
The branch is located at PLOT 58,RAJIV NAGAR,BELA,BHANDARA TK,BHANDARA DIST 441906. It serves the Bhandara 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 IOBA0003175 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 BELA of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0003175 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 IOBA0003175 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 IOBA0003175
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 IOBA0003175 across all three.
How to use IFSC IOBA0003175 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's BELA branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IOBA0003175.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as BELA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to BELA
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's BELA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0003175 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank BELA (IFSC IOBA0003175)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0003175 in your mobile or internet banking app, and the money is credited to the BELA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0003175 for Indian Overseas Bank – BELA, 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 – IOBA0003175 | Yes – IOBA0003175 | Yes – IOBA0003175 |
For most retail customers crediting the Bela 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 IOBA0003175
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 – BELA is still mapped to IFSC IOBA0003175. 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 IOBA0003175 and the beneficiary's account number to complete the transfer.
Account types you can open at the Bela branch
Once you have an account at Indian Overseas Bank – BELA, the IFSC IOBA0003175 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 Bela 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 IOBA0003175
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 IOBA0003175 and the account number together uniquely identify the Bela branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0003175
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the BELA 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 IOBA0003175 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.
Common mistakes to avoid when using IFSC IOBA0003175
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 – BELA, 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:
IOBA0003175. - 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.
How to reach the Bela branch
The branch is located at PLOT 58,RAJIV NAGAR,BELA,BHANDARA TK,BHANDARA DIST 441906, which puts it inside Bhandara, the broader Bhandara district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Bela branch” — the verified location pin for IFSC IOBA0003175 should appear at the top of the results.
- Confirm the branch is open by calling 44-28584896 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 IOBA0003175 and your account number.
Verifying IFSC IOBA0003175 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 IOBA0003175 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 44-28584896.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Bela 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 IOBA0003175 continue to work without interruption.
Branch address & contact
Indian Overseas BankBela Branch
PLOT 58,RAJIV NAGAR,BELA,BHANDARA TK,BHANDARA DIST 441906
Bhandara, Maharashtra
Phone: 44-28584896
IFSC: IOBA0003175
Frequently asked questions
Is IFSC IOBA0003175 valid for NEFT and RTGS?
Yes. IFSC IOBA0003175 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indian Overseas Bank Bela branch?
You can reach the branch at 44-28584896 during regular banking hours.
What is the IFSC code of Indian Overseas Bank Bela branch?
The IFSC code of Indian Overseas Bank, Bela branch is IOBA0003175. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC IOBA0003175 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0003175 to send funds instantly.
Where is Indian Overseas Bank Bela branch located?
Indian Overseas Bank's Bela branch is located at PLOT 58,RAJIV NAGAR,BELA,BHANDARA TK,BHANDARA DIST 441906, Bhandara, Maharashtra.
How quickly will an NEFT transfer using IOBA0003175 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Bela reflect within 30 minutes.
Is IFSC IOBA0003175 the same for all accounts at Bela branch?
Yes. The IFSC IOBA0003175 is shared by every account held at Indian Overseas Bank's Bela branch. Only the account number changes from customer to customer.
Final notes
To recap: IOBA0003175 is the IFSC code of Indian Overseas Bank, BELA branch, in BHANDARA, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
