Below are the complete branch details for Indian Overseas Bank, JAGARGUNDA branch, located in JAGARGUNDA, CHHATTISGARH. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0003937. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IOBA0003937 for Indian Overseas Bank – JAGARGUNDA — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 JAGARGUNDA branch, the IFSC IOBA0003937 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 003937 identifies this particular branch.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Jagargunda branch in Jagargunda, Chhattisgarh is part of this network and uses the IFSC code IOBA0003937 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Jagargunda |
| IFSC Code | IOBA0003937 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BANK BHAWAN, VILLAGE JAGARGUNDA, DISTRICT SUKMA, CHHATTISGARH, PINCODE 494122 |
| City | Jagargunda |
| District | Sukma |
| State | Chhattisgarh |
About the Jagargunda branch
The Jagargunda branch of Indian Overseas Bank is situated at BANK BHAWAN, VILLAGE JAGARGUNDA, DISTRICT SUKMA, CHHATTISGARH, PINCODE 494122. 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 IOBA0003937 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 JAGARGUNDA branch came to be assigned the code IOBA0003937.
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 IOBA0003937, money simply cannot be routed to the JAGARGUNDA branch electronically.
Products and account variants supported
Every account opened at the Jagargunda branch is mapped to IFSC IOBA0003937 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 IOBA0003937.
Products and services
Customers walking into the Jagargunda 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 IOBA0003937
How to transfer money using IFSC IOBA0003937
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 IOBA0003937 across all three.
NEFT to Indian Overseas Bank, JAGARGUNDA using IFSC IOBA0003937
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 IOBA0003937, and confirm that the system picks up Indian Overseas Bank – JAGARGUNDA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to JAGARGUNDA
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's JAGARGUNDA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0003937 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank JAGARGUNDA (IFSC IOBA0003937)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0003937 in your mobile or internet banking app, and the money is credited to the JAGARGUNDA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0003937 for Indian Overseas Bank – JAGARGUNDA, 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 – IOBA0003937 | Yes – IOBA0003937 | Yes – IOBA0003937 |
For most retail customers crediting the Jagargunda 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 JAGARGUNDA branch, the IFSC IOBA0003937 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.
Online banking and IFSC IOBA0003937
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the JAGARGUNDA 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 IOBA0003937 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.
MICR & cheque-truncation details
Cheques drawn on the Jagargunda branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0003937 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC IOBA0003937
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 – JAGARGUNDA, 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:
IOBA0003937. - 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 Jagargunda branch
The branch is located at BANK BHAWAN, VILLAGE JAGARGUNDA, DISTRICT SUKMA, CHHATTISGARH, PINCODE 494122, which puts it inside Jagargunda, the broader Sukma district, and the state of Chhattisgarh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Jagargunda branch” — the verified location pin for IFSC IOBA0003937 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number 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 IOBA0003937 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0003937 for Indian Overseas Bank – JAGARGUNDA, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Working hours
Branch counters at Jagargunda 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 IOBA0003937 continue to work without interruption.
Branch address & contact
Indian Overseas BankJagargunda Branch
BANK BHAWAN, VILLAGE JAGARGUNDA, DISTRICT SUKMA, CHHATTISGARH, PINCODE 494122
Jagargunda, Chhattisgarh
Phone: the branch contact number
IFSC: IOBA0003937
Frequently asked questions
How do I add Indian Overseas Bank Jagargunda as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0003937, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indian Overseas Bank Jagargunda branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC IOBA0003937 valid for NEFT and RTGS?
Yes. IFSC IOBA0003937 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Indian Overseas Bank Jagargunda branch located?
Indian Overseas Bank's Jagargunda branch is located at BANK BHAWAN, VILLAGE JAGARGUNDA, DISTRICT SUKMA, CHHATTISGARH, PINCODE 494122, Jagargunda, Chhattisgarh.
How quickly will an NEFT transfer using IOBA0003937 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Jagargunda reflect within 30 minutes.
Does Indian Overseas Bank Jagargunda branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
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 Jagargunda branch but serve different purposes.
What is the IFSC code of Indian Overseas Bank Jagargunda branch?
The IFSC code of Indian Overseas Bank, Jagargunda branch is IOBA0003937. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: IOBA0003937 is the IFSC code of Indian Overseas Bank, JAGARGUNDA branch, in JAGARGUNDA, CHHATTISGARH. 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.
