Use this page as a one-stop reference for everything related to Indian Overseas Bank's NEW JAWAHAR NAGAR branch in JALANDHAR, PUNJAB. The branch's IFSC code IOBA0001520 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.
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 – NEW JAWAHAR NAGAR is IOBA0001520. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001520 map to this branch in JALANDHAR, PUNJAB.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | New Jawahar Nagar |
| IFSC Code | IOBA0001520 |
| MICR Code | Refer to cheque leaf |
| Branch Address | G NM HOSP,GURU NANAK CHOWK,JALANDHARCITY |
| City | Jalandhar |
| District | Jalandhar |
| State | Punjab |
| Phone | 2226546 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the New Jawahar Nagar branch in Jalandhar. 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, IOBA0001520.
New Jawahar Nagar branch overview
Located at G NM HOSP,GURU NANAK CHOWK,JALANDHARCITY, the New Jawahar Nagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0001520 is required for all interbank electronic transfers routed through this branch.
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 NEW JAWAHAR NAGAR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001520 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 IOBA0001520 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 IOBA0001520
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 IOBA0001520 across all three.
NEFT to Indian Overseas Bank, NEW JAWAHAR NAGAR using IFSC IOBA0001520
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 IOBA0001520, and confirm that the system picks up Indian Overseas Bank – NEW JAWAHAR 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 NEW JAWAHAR NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's NEW JAWAHAR NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001520 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank NEW JAWAHAR NAGAR (IFSC IOBA0001520)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001520 in your mobile or internet banking app, and the money is credited to the NEW JAWAHAR NAGAR branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to New Jawahar Nagar
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IOBA0001520:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at NEW JAWAHAR NAGAR is still linked to IFSC IOBA0001520.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IOBA0001520
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 – NEW JAWAHAR NAGAR is still mapped to IFSC IOBA0001520. 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 IOBA0001520 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the New Jawahar Nagar branch is mapped to IFSC IOBA0001520 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 IOBA0001520.
Banking services available
The New Jawahar Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2226546.
- 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 IOBA0001520
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 IOBA0001520 and the account number together uniquely identify the New Jawahar Nagar 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 New Jawahar Nagar 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 IOBA0001520 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 – NEW JAWAHAR NAGAR:
- The IFSC is exactly IOBA0001520 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 NEW JAWAHAR 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 New Jawahar Nagar branch
The branch is located at G NM HOSP,GURU NANAK CHOWK,JALANDHARCITY, which puts it inside Jalandhar, the broader Jalandhar district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank New Jawahar Nagar branch” — the verified location pin for IFSC IOBA0001520 should appear at the top of the results.
- Confirm the branch is open by calling 2226546 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 IOBA0001520 and your account number.
Verifying IFSC IOBA0001520 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 IOBA0001520 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2226546.
- 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 New Jawahar Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001520, however, work 24x7.
Branch address & contact
Indian Overseas BankNew Jawahar Nagar Branch
G NM HOSP,GURU NANAK CHOWK,JALANDHARCITY
Jalandhar, Punjab
Phone: 2226546
IFSC: IOBA0001520
Frequently asked questions
Where is Indian Overseas Bank New Jawahar Nagar branch located?
Indian Overseas Bank's New Jawahar Nagar branch is located at G NM HOSP,GURU NANAK CHOWK,JALANDHARCITY, Jalandhar, Punjab.
What is the IFSC code of Indian Overseas Bank New Jawahar Nagar branch?
The IFSC code of Indian Overseas Bank, New Jawahar Nagar branch is IOBA0001520. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Overseas Bank New Jawahar Nagar branch?
You can reach the branch at 2226546 during regular banking hours.
Can I use IFSC IOBA0001520 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001520 to send funds instantly.
How quickly will an NEFT transfer using IOBA0001520 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – New Jawahar Nagar reflect within 30 minutes.
Does Indian Overseas Bank New Jawahar Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2226546 to confirm.
Final notes
To recap: IOBA0001520 is the IFSC code of Indian Overseas Bank, NEW JAWAHAR NAGAR branch, in JALANDHAR, PUNJAB. 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.
