Below are the complete branch details for Indian Overseas Bank, NTPC SLAPPAR branch, located in MANDI, HARYANA. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0001960. 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 IOBA0001960 for Indian Overseas Bank – NTPC SLAPPAR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – NTPC SLAPPAR is IOBA0001960. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001960 map to this branch in MANDI, HARYANA.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Ntpc Slappar branch in Mandi. 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, IOBA0001960.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Ntpc Slappar |
| IFSC Code | IOBA0001960 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NATIONAL THERMAL POWER CORPN,KODLAM SLAPPER,SUNDER NAGAR,KODLAM,MANDI,PIN 174403 |
| City | Mandi |
| District | Panipat |
| State | Haryana |
| Phone | 286746 |
About this branch
The branch is located at NATIONAL THERMAL POWER CORPN,KODLAM SLAPPER,SUNDER NAGAR,KODLAM,MANDI,PIN 174403. It serves the Mandi 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 IOBA0001960 is used to identify this branch on the RBI payments network.
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 NTPC SLAPPAR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001960 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 IOBA0001960 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Ntpc Slappar branch is mapped to IFSC IOBA0001960 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 IOBA0001960.
Banking services available
The Ntpc Slappar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 286746.
- 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 IOBA0001960
How to transfer money using IFSC IOBA0001960
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 IOBA0001960 across all three.
How to use IFSC IOBA0001960 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's NTPC SLAPPAR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IOBA0001960.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as NTPC SLAPPAR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0001960
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 – NTPC SLAPPAR, ensure your bank's portal accepts IFSC IOBA0001960 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank NTPC SLAPPAR (IFSC IOBA0001960)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001960 in your mobile or internet banking app, and the money is credited to the NTPC SLAPPAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001960 for Indian Overseas Bank – NTPC SLAPPAR, 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 – IOBA0001960 | Yes – IOBA0001960 | Yes – IOBA0001960 |
For most retail customers crediting the Ntpc Slappar 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.
UPI payments and IFSC IOBA0001960
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 – NTPC SLAPPAR is still mapped to IFSC IOBA0001960. 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 IOBA0001960 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0001960
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the NTPC SLAPPAR 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 IOBA0001960 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 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 IOBA0001960 and the account number together uniquely identify the Ntpc Slappar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – NTPC SLAPPAR:
- The IFSC is exactly IOBA0001960 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 NTPC SLAPPAR 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 Ntpc Slappar branch sits at NATIONAL THERMAL POWER CORPN,KODLAM SLAPPER,SUNDER NAGAR,KODLAM,MANDI,PIN 174403. If you are travelling from outside Mandi, search for the branch on a maps application using the bank name and locality, or call 286746 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 IOBA0001960 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0001960 for Indian Overseas Bank – NTPC SLAPPAR, 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 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 Ntpc Slappar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001960, however, work 24x7.
Branch address & contact
Indian Overseas BankNtpc Slappar Branch
NATIONAL THERMAL POWER CORPN,KODLAM SLAPPER,SUNDER NAGAR,KODLAM,MANDI,PIN 174403
Mandi, Haryana
Phone: 286746
IFSC: IOBA0001960
Frequently asked questions
Is IFSC IOBA0001960 the same for all accounts at Ntpc Slappar branch?
Yes. The IFSC IOBA0001960 is shared by every account held at Indian Overseas Bank's Ntpc Slappar branch. Only the account number changes from customer to customer.
How do I add Indian Overseas Bank Ntpc Slappar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001960, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IOBA0001960 valid for NEFT and RTGS?
Yes. IFSC IOBA0001960 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0001960 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Ntpc Slappar reflect within 30 minutes.
Where is Indian Overseas Bank Ntpc Slappar branch located?
Indian Overseas Bank's Ntpc Slappar branch is located at NATIONAL THERMAL POWER CORPN,KODLAM SLAPPER,SUNDER NAGAR,KODLAM,MANDI,PIN 174403, Mandi, Haryana.
Does Indian Overseas Bank Ntpc Slappar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 286746 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 Ntpc Slappar branch but serve different purposes.
Can I use IFSC IOBA0001960 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001960 to send funds instantly.
Final notes
To recap: IOBA0001960 is the IFSC code of Indian Overseas Bank, NTPC SLAPPAR branch, in MANDI, HARYANA. 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.
