Use this page as a one-stop reference for everything related to Indian Overseas Bank's SAHID NAGAR branch in BHUBANESWAR, ODISHA. The branch's IFSC code IOBA0000873 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 SAHID NAGAR branch, the IFSC IOBA0000873 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000873 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Sahid Nagar |
| IFSC Code | IOBA0000873 |
| MICR Code | Refer to cheque leaf |
| Branch Address | B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR |
| City | Bhubaneswar |
| District | Khurda |
| State | Odisha |
| Phone | 2547571 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Sahid Nagar branch in Bhubaneswar. 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, IOBA0000873.
About this branch
The branch is located at B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR. It serves the Bhubaneswar 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 IOBA0000873 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 SAHID NAGAR branch came to be assigned the code IOBA0000873.
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 IOBA0000873, money simply cannot be routed to the SAHID NAGAR branch electronically.
How to transfer money using IFSC IOBA0000873
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 IOBA0000873 across all three.
NEFT to Indian Overseas Bank, SAHID NAGAR using IFSC IOBA0000873
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 IOBA0000873, and confirm that the system picks up Indian Overseas Bank – SAHID NAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SAHID NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's SAHID NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000873 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank SAHID NAGAR (IFSC IOBA0000873)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000873 in your mobile or internet banking app, and the money is credited to the SAHID NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0000873 for Indian Overseas Bank – SAHID NAGAR, 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 – IOBA0000873 | Yes – IOBA0000873 | Yes – IOBA0000873 |
For most retail customers crediting the Sahid Nagar 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 IOBA0000873
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 – SAHID NAGAR is still mapped to IFSC IOBA0000873. 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 IOBA0000873 and the beneficiary's account number to complete the transfer.
Account types you can open at the Sahid Nagar branch
Once you have an account at Indian Overseas Bank – SAHID NAGAR, the IFSC IOBA0000873 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.
Banking services available
The Sahid Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2547571.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IOBA0000873
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 IOBA0000873 and the account number together uniquely identify the Sahid Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0000873
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SAHID NAGAR 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 IOBA0000873 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 – SAHID NAGAR:
- The IFSC is exactly IOBA0000873 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 SAHID NAGAR 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 Sahid Nagar branch
The branch is located at B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR, which puts it inside Bhubaneswar, the broader Khurda district, and the state of Odisha. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Sahid Nagar branch” — the verified location pin for IFSC IOBA0000873 should appear at the top of the results.
- Confirm the branch is open by calling 2547571 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 IOBA0000873 and your account number.
Verifying IFSC IOBA0000873 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 IOBA0000873 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2547571.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Sahid Nagar 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 IOBA0000873 continue to work without interruption.
Branch address & contact
Indian Overseas BankSahid Nagar Branch
B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR
Bhubaneswar, Odisha
Phone: 2547571
IFSC: IOBA0000873
Frequently asked questions
What is the phone number of Indian Overseas Bank Sahid Nagar branch?
You can reach the branch at 2547571 during regular banking hours.
What is the IFSC code of Indian Overseas Bank Sahid Nagar branch?
The IFSC code of Indian Overseas Bank, Sahid Nagar branch is IOBA0000873. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0000873 the same for all accounts at Sahid Nagar branch?
Yes. The IFSC IOBA0000873 is shared by every account held at Indian Overseas Bank's Sahid Nagar branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IOBA0000873 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Sahid Nagar reflect within 30 minutes.
Is IFSC IOBA0000873 valid for NEFT and RTGS?
Yes. IFSC IOBA0000873 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Indian Overseas Bank Sahid Nagar branch located?
Indian Overseas Bank's Sahid Nagar branch is located at B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR, Bhubaneswar, Odisha.
Summary
The IFSC code IOBA0000873 belongs to Indian Overseas Bank's SAHID NAGAR branch, located at B BY 2,WEST 1 FLOOR,RO BLDG,SAHIDNAGAR,BHUBANESHWAR in BHUBANESWAR, 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.
