This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, TALEIGAO branch in CARANZALEM. The 11-digit IFSC IOBA0001980 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 TALEIGAO 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.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indian Overseas Bank – TALEIGAO is IOBA0001980. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001980 map to this branch in CARANZALEM, GOA.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Taleigao branch in Caranzalem. 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, IOBA0001980.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Taleigao |
| IFSC Code | IOBA0001980 |
| MICR Code | Refer to cheque leaf |
| Branch Address | TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA |
| City | Caranzalem |
| District | North Goa |
| State | Goa |
| Phone | 2452885 |
About this branch
The branch is located at TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA. It serves the Caranzalem 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 IOBA0001980 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 TALEIGAO branch came to be assigned the code IOBA0001980.
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 IOBA0001980, money simply cannot be routed to the TALEIGAO branch electronically.
Products and account variants supported
Every account opened at the Taleigao branch is mapped to IFSC IOBA0001980 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 IOBA0001980.
Products and services
Customers walking into the Taleigao 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 IOBA0001980
How to transfer money using IFSC IOBA0001980
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 IOBA0001980 across all three.
NEFT to Indian Overseas Bank, TALEIGAO using IFSC IOBA0001980
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 IOBA0001980, and confirm that the system picks up Indian Overseas Bank – TALEIGAO. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to TALEIGAO
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's TALEIGAO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001980 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank TALEIGAO (IFSC IOBA0001980)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001980 in your mobile or internet banking app, and the money is credited to the TALEIGAO branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001980 for Indian Overseas Bank – TALEIGAO, 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 – IOBA0001980 | Yes – IOBA0001980 | Yes – IOBA0001980 |
For most retail customers crediting the Taleigao 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 IOBA0001980
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 – TALEIGAO is still mapped to IFSC IOBA0001980. 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 IOBA0001980 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 Taleigao 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 IOBA0001980 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 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 IOBA0001980 and the account number together uniquely identify the Taleigao branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IOBA0001980
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 – TALEIGAO, 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:
IOBA0001980. - 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 Taleigao branch
The branch is located at TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA, which puts it inside Caranzalem, the broader North Goa district, and the state of Goa. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Taleigao branch” — the verified location pin for IFSC IOBA0001980 should appear at the top of the results.
- Confirm the branch is open by calling 2452885 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 IOBA0001980 and your account number.
Verifying IFSC IOBA0001980 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 IOBA0001980 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2452885.
- 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 Taleigao branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001980, however, work 24x7.
Branch address & contact
Indian Overseas BankTaleigao Branch
TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA
Caranzalem, Goa
Phone: 2452885
IFSC: IOBA0001980
Frequently asked questions
What is the IFSC code of Indian Overseas Bank Taleigao branch?
The IFSC code of Indian Overseas Bank, Taleigao branch is IOBA0001980. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Indian Overseas Bank Taleigao branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2452885 to confirm.
How do I add Indian Overseas Bank Taleigao as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001980, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indian Overseas Bank Taleigao branch located?
Indian Overseas Bank's Taleigao branch is located at TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA, Caranzalem, Goa.
Is IFSC IOBA0001980 the same for all accounts at Taleigao branch?
Yes. The IFSC IOBA0001980 is shared by every account held at Indian Overseas Bank's Taleigao branch. Only the account number changes from customer to customer.
Is IFSC IOBA0001980 valid for NEFT and RTGS?
Yes. IFSC IOBA0001980 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Summary
The IFSC code IOBA0001980 belongs to Indian Overseas Bank's TALEIGAO branch, located at TRRESIDENCY,GROUND FLOOR ST PAUL MARKET,CARANZALEM PO TALEIGAO,GOA in CARANZALEM, GOA. 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.
