Use this page as a one-stop reference for everything related to Indian Overseas Bank's SAKCHI branch in JAMSHEDPUR, JHARKHAND. The branch's IFSC code IOBA0002459 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 – SAKCHI is IOBA0002459. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002459 map to this branch in JAMSHEDPUR, JHARKHAND.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Sakchi branch in Jamshedpur. 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, IOBA0002459.
About the Sakchi branch
The Sakchi branch of Indian Overseas Bank is situated at FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND. 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 IOBA0002459 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Sakchi |
| IFSC Code | IOBA0002459 |
| MICR Code | Refer to cheque leaf |
| Branch Address | FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND |
| City | Jamshedpur |
| District | Paschimi Singhbhum |
| State | Jharkhand |
| Phone | 2230215 |
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 SAKCHI branch came to be assigned the code IOBA0002459.
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 IOBA0002459, money simply cannot be routed to the SAKCHI branch electronically.
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 IOBA0002459 and the account number together uniquely identify the Sakchi branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0002459
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 IOBA0002459 across all three.
NEFT to Indian Overseas Bank, SAKCHI using IFSC IOBA0002459
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 IOBA0002459, and confirm that the system picks up Indian Overseas Bank – SAKCHI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0002459
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indian Overseas Bank – SAKCHI, ensure your bank's portal accepts IFSC IOBA0002459 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – SAKCHI, use IMPS. With IFSC IOBA0002459 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Sakchi
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 IOBA0002459:
- 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 SAKCHI is still linked to IFSC IOBA0002459.
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 IOBA0002459
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 – SAKCHI is still mapped to IFSC IOBA0002459. 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 IOBA0002459 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Sakchi branch is mapped to IFSC IOBA0002459 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 IOBA0002459.
Banking services available
The Sakchi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2230215.
- 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 IOBA0002459
Online banking and IFSC IOBA0002459
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SAKCHI 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 IOBA0002459 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.
How to reach the Sakchi branch
The branch is located at FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND, which puts it inside Jamshedpur, the broader Paschimi Singhbhum district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Sakchi branch” — the verified location pin for IFSC IOBA0002459 should appear at the top of the results.
- Confirm the branch is open by calling 2230215 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 IOBA0002459 and your account number.
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 – SAKCHI:
- The IFSC is exactly IOBA0002459 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 SAKCHI 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.
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 Sakchi branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002459, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0002459 for Indian Overseas Bank – SAKCHI, 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.
Branch address & contact
Indian Overseas BankSakchi Branch
FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND
Jamshedpur, Jharkhand
Phone: 2230215
IFSC: IOBA0002459
Frequently asked questions
Does Indian Overseas Bank Sakchi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2230215 to confirm.
Where is Indian Overseas Bank Sakchi branch located?
Indian Overseas Bank's Sakchi branch is located at FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND, Jamshedpur, Jharkhand.
Can I use IFSC IOBA0002459 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002459 to send funds instantly.
How do I add Indian Overseas Bank Sakchi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002459, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IOBA0002459 the same for all accounts at Sakchi branch?
Yes. The IFSC IOBA0002459 is shared by every account held at Indian Overseas Bank's Sakchi branch. Only the account number changes from customer to customer.
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 Sakchi branch but serve different purposes.
What is the phone number of Indian Overseas Bank Sakchi branch?
You can reach the branch at 2230215 during regular banking hours.
What is the IFSC code of Indian Overseas Bank Sakchi branch?
The IFSC code of Indian Overseas Bank, Sakchi branch is IOBA0002459. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code IOBA0002459 belongs to Indian Overseas Bank's SAKCHI branch, located at FIRST FLOOR,66 PENNER ROAD,SAKCHI,JAMSHEDPUR,JHARKHAND in JAMSHEDPUR, JHARKHAND. 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.
