If you are searching for the IFSC code of Indian Overseas Bank, PALSANA branch in KALOL, GUJARAT, this page has every detail you need. The verified IFSC code for this branch is IOBA0003550. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the PALSANA branch, and detailed step-by-step guides for using the IFSC IOBA0003550 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular 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, IOBA0003550 is the IFSC of Indian Overseas Bank's PALSANA branch. The format is fixed: IOBA = bank code, 0 = reserved, 003550 = branch identifier.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Palsana branch in Kalol. 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, IOBA0003550.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Palsana |
| IFSC Code | IOBA0003550 |
| MICR Code | Refer to cheque leaf |
| Branch Address | OPP TO WATER TANK,NEAR WADINATH WADI,OLD GAM,PALSANA,GANDHINAGAR - 382721 |
| City | Kalol |
| District | Gandhinagar |
| State | Gujarat |
| STD Code | 265 |
| Phone | 2330779 |
About this branch
The branch is located at OPP TO WATER TANK,NEAR WADINATH WADI,OLD GAM,PALSANA,GANDHINAGAR - 382721. It serves the Kalol 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 IOBA0003550 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 PALSANA branch came to be assigned the code IOBA0003550.
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 IOBA0003550, money simply cannot be routed to the PALSANA branch electronically.
Products and account variants supported
Every account opened at the Palsana branch is mapped to IFSC IOBA0003550 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 IOBA0003550.
Banking services available
The Palsana branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 265-2330779.
- 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 IOBA0003550
How to transfer money using IFSC IOBA0003550
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 IOBA0003550 across all three.
NEFT to Indian Overseas Bank, PALSANA using IFSC IOBA0003550
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 IOBA0003550, and confirm that the system picks up Indian Overseas Bank – PALSANA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to PALSANA
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's PALSANA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0003550 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank PALSANA (IFSC IOBA0003550)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0003550 in your mobile or internet banking app, and the money is credited to the PALSANA branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Palsana
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 IOBA0003550:
- 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 PALSANA is still linked to IFSC IOBA0003550.
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 IOBA0003550
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 – PALSANA is still mapped to IFSC IOBA0003550. 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 IOBA0003550 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0003550
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PALSANA 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 IOBA0003550 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 Palsana branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0003550 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – PALSANA:
- The IFSC is exactly IOBA0003550 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 PALSANA 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.
Reaching the branch
The Palsana branch sits at OPP TO WATER TANK,NEAR WADINATH WADI,OLD GAM,PALSANA,GANDHINAGAR - 382721. If you are travelling from outside Kalol, search for the branch on a maps application using the bank name and locality, or call 265-2330779 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IOBA0003550 and your account number.
Verifying IFSC IOBA0003550 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 IOBA0003550 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 265-2330779.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Palsana 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 IOBA0003550 continue to work without interruption.
Branch address & contact
Indian Overseas BankPalsana Branch
OPP TO WATER TANK,NEAR WADINATH WADI,OLD GAM,PALSANA,GANDHINAGAR - 382721
Kalol, Gujarat
Phone: 265-2330779
IFSC: IOBA0003550
Frequently asked questions
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 Palsana branch but serve different purposes.
Is IFSC IOBA0003550 valid for NEFT and RTGS?
Yes. IFSC IOBA0003550 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0003550 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Palsana reflect within 30 minutes.
Does Indian Overseas Bank Palsana branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 265-2330779 to confirm.
What is the phone number of Indian Overseas Bank Palsana branch?
You can reach the branch at 265-2330779 during regular banking hours.
Is IFSC IOBA0003550 the same for all accounts at Palsana branch?
Yes. The IFSC IOBA0003550 is shared by every account held at Indian Overseas Bank's Palsana branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0003550 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0003550 to send funds instantly.
How do I add Indian Overseas Bank Palsana as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0003550, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0003550 belongs to Indian Overseas Bank's PALSANA branch, located at OPP TO WATER TANK,NEAR WADINATH WADI,OLD GAM,PALSANA,GANDHINAGAR - 382721 in KALOL, GUJARAT. 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.
