Use this page as a one-stop reference for everything related to Indian Overseas Bank's LUCKNOWMUNSHIPULIA INDIRA NAGAR branch in LUCKNOW, UTTAR PRADESH. The branch's IFSC code IOBA0002087 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.
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, IOBA0002087 is the IFSC of Indian Overseas Bank's LUCKNOWMUNSHIPULIA INDIRA NAGAR branch. The format is fixed: IOBA = bank code, 0 = reserved, 002087 = branch identifier.
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Lucknowmunshipulia Indira Nagar branch — IFSC IOBA0002087 — extends the bank's services to customers in and around Lucknow, Uttar Pradesh.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Lucknowmunshipulia Indira Nagar |
| IFSC Code | IOBA0002087 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016 |
| City | Lucknow |
| District | Lucknow |
| State | Uttar Pradesh |
| STD Code | 44 |
| Phone | 28584896 |
About the Lucknowmunshipulia Indira Nagar branch
The Lucknowmunshipulia Indira Nagar branch of Indian Overseas Bank is situated at PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016. 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 IOBA0002087 is used.
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 LUCKNOWMUNSHIPULIA INDIRA NAGAR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002087 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 IOBA0002087 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Lucknowmunshipulia Indira Nagar branch
Once you have an account at Indian Overseas Bank – LUCKNOWMUNSHIPULIA INDIRA NAGAR, the IFSC IOBA0002087 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Lucknowmunshipulia Indira Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 44-28584896.
- 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 IOBA0002087
How to transfer money using IFSC IOBA0002087
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 IOBA0002087 across all three.
NEFT to Indian Overseas Bank, LUCKNOWMUNSHIPULIA INDIRA NAGAR using IFSC IOBA0002087
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 IOBA0002087, and confirm that the system picks up Indian Overseas Bank – LUCKNOWMUNSHIPULIA INDIRA 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 LUCKNOWMUNSHIPULIA INDIRA NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's LUCKNOWMUNSHIPULIA INDIRA NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002087 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank LUCKNOWMUNSHIPULIA INDIRA NAGAR (IFSC IOBA0002087)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002087 in your mobile or internet banking app, and the money is credited to the LUCKNOWMUNSHIPULIA INDIRA NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002087 for Indian Overseas Bank – LUCKNOWMUNSHIPULIA INDIRA NAGAR, 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 – IOBA0002087 | Yes – IOBA0002087 | Yes – IOBA0002087 |
For most retail customers crediting the Lucknowmunshipulia Indira Nagar 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 LUCKNOWMUNSHIPULIA INDIRA NAGAR branch, the IFSC IOBA0002087 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.
Digital banking channels
Most day-to-day work that customers used to do at the Lucknowmunshipulia Indira 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 IOBA0002087 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.
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 IOBA0002087 and the account number together uniquely identify the Lucknowmunshipulia Indira Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IOBA0002087
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 – LUCKNOWMUNSHIPULIA INDIRA NAGAR, 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:
IOBA0002087. - 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.
Reaching the branch
The Lucknowmunshipulia Indira Nagar branch sits at PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016. If you are travelling from outside Lucknow, search for the branch on a maps application using the bank name and locality, or call 44-28584896 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 IOBA0002087 and your account number.
Verifying IFSC IOBA0002087 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 IOBA0002087 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 44-28584896.
- 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 Lucknowmunshipulia Indira Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002087, however, work 24x7.
Branch address & contact
Indian Overseas BankLucknowmunshipulia Indira Nagar Branch
PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016
Lucknow, Uttar Pradesh
Phone: 44-28584896
IFSC: IOBA0002087
Frequently asked questions
Is IFSC IOBA0002087 valid for NEFT and RTGS?
Yes. IFSC IOBA0002087 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC IOBA0002087 the same for all accounts at Lucknowmunshipulia Indira Nagar branch?
Yes. The IFSC IOBA0002087 is shared by every account held at Indian Overseas Bank's Lucknowmunshipulia Indira Nagar branch. Only the account number changes from customer to customer.
Does Indian Overseas Bank Lucknowmunshipulia Indira Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 44-28584896 to confirm.
Where is Indian Overseas Bank Lucknowmunshipulia Indira Nagar branch located?
Indian Overseas Bank's Lucknowmunshipulia Indira Nagar branch is located at PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016, Lucknow, Uttar Pradesh.
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 Lucknowmunshipulia Indira Nagar branch but serve different purposes.
How do I add Indian Overseas Bank Lucknowmunshipulia Indira Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002087, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0002087 belongs to Indian Overseas Bank's LUCKNOWMUNSHIPULIA INDIRA NAGAR branch, located at PLOT NO D 2047, HIMALAYA MARG, INDIRA NAGAR, LUCKNOW PIN 226016 in LUCKNOW, UTTAR PRADESH. 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.
