This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, MANDIDEEP branch in MANDIDEEP. The 11-digit IFSC IOBA0002327 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indian Overseas Bank at the MANDIDEEP location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 – MANDIDEEP is IOBA0002327. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002327 map to this branch in MANDIDEEP, MADHYA PRADESH.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mandideep branch in Mandideep, Madhya Pradesh is part of this network and uses the IFSC code IOBA0002327 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Mandideep |
| IFSC Code | IOBA0002327 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 2A,INDIRA NAGAR,OPP HEG,MANDIEEP,DIST RAISEN,BHOPAL,462046 |
| City | Mandideep |
| District | Raisen |
| State | Madhya Pradesh |
| Phone | 232233 |
About the Mandideep branch
The Mandideep branch of Indian Overseas Bank is situated at 2A,INDIRA NAGAR,OPP HEG,MANDIEEP,DIST RAISEN,BHOPAL,462046. 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 IOBA0002327 is used.
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 MANDIDEEP branch came to be assigned the code IOBA0002327.
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 IOBA0002327, money simply cannot be routed to the MANDIDEEP branch electronically.
Products and account variants supported
Every account opened at the Mandideep branch is mapped to IFSC IOBA0002327 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 IOBA0002327.
Banking services available
The Mandideep branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 232233.
- 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 IOBA0002327
How to transfer money using IFSC IOBA0002327
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 IOBA0002327 across all three.
NEFT to Indian Overseas Bank, MANDIDEEP using IFSC IOBA0002327
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 IOBA0002327, and confirm that the system picks up Indian Overseas Bank – MANDIDEEP. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0002327
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 – MANDIDEEP, ensure your bank's portal accepts IFSC IOBA0002327 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank MANDIDEEP (IFSC IOBA0002327)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002327 in your mobile or internet banking app, and the money is credited to the MANDIDEEP branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002327 for Indian Overseas Bank – MANDIDEEP, 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 – IOBA0002327 | Yes – IOBA0002327 | Yes – IOBA0002327 |
For most retail customers crediting the Mandideep 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 MANDIDEEP branch, the IFSC IOBA0002327 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.
Online banking and IFSC IOBA0002327
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the MANDIDEEP 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 IOBA0002327 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 IOBA0002327 and the account number together uniquely identify the Mandideep 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 – MANDIDEEP:
- The IFSC is exactly IOBA0002327 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 MANDIDEEP 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 Mandideep branch sits at 2A,INDIRA NAGAR,OPP HEG,MANDIEEP,DIST RAISEN,BHOPAL,462046. If you are travelling from outside Mandideep, search for the branch on a maps application using the bank name and locality, or call 232233 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 IOBA0002327 and your account number.
Verifying IFSC IOBA0002327 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 IOBA0002327 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 232233.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Mandideep 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 IOBA0002327 continue to work without interruption.
Branch address & contact
Indian Overseas BankMandideep Branch
2A,INDIRA NAGAR,OPP HEG,MANDIEEP,DIST RAISEN,BHOPAL,462046
Mandideep, Madhya Pradesh
Phone: 232233
IFSC: IOBA0002327
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 Mandideep branch but serve different purposes.
What is the IFSC code of Indian Overseas Bank Mandideep branch?
The IFSC code of Indian Overseas Bank, Mandideep branch is IOBA0002327. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Overseas Bank Mandideep branch?
You can reach the branch at 232233 during regular banking hours.
Does Indian Overseas Bank Mandideep branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 232233 to confirm.
Is IFSC IOBA0002327 valid for NEFT and RTGS?
Yes. IFSC IOBA0002327 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IOBA0002327 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002327 to send funds instantly.
How do I add Indian Overseas Bank Mandideep as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002327, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IOBA0002327 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Mandideep reflect within 30 minutes.
Summary
The IFSC code IOBA0002327 belongs to Indian Overseas Bank's MANDIDEEP branch, located at 2A,INDIRA NAGAR,OPP HEG,MANDIEEP,DIST RAISEN,BHOPAL,462046 in MANDIDEEP, MADHYA 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.
