This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, KAROL BAGH branch in DELHI. The 11-digit IFSC IOBA0000035 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 KAROL BAGH 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.
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, IOBA0000035 is the IFSC of Indian Overseas Bank's KAROL BAGH branch. The format is fixed: IOBA = bank code, 0 = reserved, 000035 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Karol Bagh |
| IFSC Code | IOBA0000035 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 10222 AND 10223, GURUDWARA ROAD, KAROL BAGH, NEW DELHI - 110005 |
| City | Delhi |
| District | New Delhi |
| State | Delhi |
| Phone | 28753032 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Karol Bagh branch in Delhi. 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, IOBA0000035.
Karol Bagh branch overview
Located at 10222 AND 10223, GURUDWARA ROAD, KAROL BAGH, NEW DELHI - 110005, the Karol Bagh branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0000035 is required for all interbank electronic transfers routed through this branch.
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 KAROL BAGH branch came to be assigned the code IOBA0000035.
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 IOBA0000035, money simply cannot be routed to the KAROL BAGH branch electronically.
How to transfer money using IFSC IOBA0000035
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 IOBA0000035 across all three.
NEFT to Indian Overseas Bank, KAROL BAGH using IFSC IOBA0000035
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 IOBA0000035, and confirm that the system picks up Indian Overseas Bank – KAROL BAGH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KAROL BAGH
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's KAROL BAGH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000035 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – KAROL BAGH, use IMPS. With IFSC IOBA0000035 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 IOBA0000035 for Indian Overseas Bank – KAROL BAGH, 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 – IOBA0000035 | Yes – IOBA0000035 | Yes – IOBA0000035 |
For most retail customers crediting the Karol Bagh 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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indian Overseas Bank's KAROL BAGH branch, the IFSC IOBA0000035 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Karol Bagh branch is mapped to IFSC IOBA0000035 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 IOBA0000035.
Banking services available
The Karol Bagh branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 28753032.
- 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 IOBA0000035
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 IOBA0000035 and the account number together uniquely identify the Karol Bagh 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 Karol Bagh 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 IOBA0000035 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 – KAROL BAGH:
- The IFSC is exactly IOBA0000035 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 KAROL BAGH 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 Karol Bagh branch
The branch is located at 10222 AND 10223, GURUDWARA ROAD, KAROL BAGH, NEW DELHI - 110005, which puts it inside Delhi, the broader New Delhi district, and the state of Delhi. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Karol Bagh branch” — the verified location pin for IFSC IOBA0000035 should appear at the top of the results.
- Confirm the branch is open by calling 28753032 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 IOBA0000035 and your account number.
Verifying IFSC IOBA0000035 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 IOBA0000035 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 28753032.
- 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 Karol Bagh branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000035, however, work 24x7.
Branch address & contact
Indian Overseas BankKarol Bagh Branch
10222 AND 10223, GURUDWARA ROAD, KAROL BAGH, NEW DELHI - 110005
Delhi, Delhi
Phone: 28753032
IFSC: IOBA0000035
Frequently asked questions
Is IFSC IOBA0000035 the same for all accounts at Karol Bagh branch?
Yes. The IFSC IOBA0000035 is shared by every account held at Indian Overseas Bank's Karol Bagh branch. Only the account number changes from customer to customer.
Does Indian Overseas Bank Karol Bagh branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 28753032 to confirm.
Is IFSC IOBA0000035 valid for NEFT and RTGS?
Yes. IFSC IOBA0000035 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0000035 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Karol Bagh reflect within 30 minutes.
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 Karol Bagh branch but serve different purposes.
What is the phone number of Indian Overseas Bank Karol Bagh branch?
You can reach the branch at 28753032 during regular banking hours.
How do I add Indian Overseas Bank Karol Bagh as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000035, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: IOBA0000035 is the IFSC code of Indian Overseas Bank, KAROL BAGH branch, in DELHI, DELHI. 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.
