IFSC Code of Indian Overseas Bank, Pandey Layout Nagpur Branch, Maharashtra

If you are searching for the IFSC code of Indian Overseas Bank, PANDEY LAYOUT NAGPUR branch in NAGPUR, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is IOBA0002421. 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 PANDEY LAYOUT NAGPUR branch, and detailed step-by-step guides for using the IFSC IOBA0002421 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, IOBA0002421 is the IFSC of Indian Overseas Bank's PANDEY LAYOUT NAGPUR branch. The format is fixed: IOBA = bank code, 0 = reserved, 002421 = branch identifier.

Bank profile

Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Pandey Layout Nagpur branch — IFSC IOBA0002421 — extends the bank's services to customers in and around Nagpur, Maharashtra.

Branch details at a glance

Pandey Layout Nagpur branch overview

Located at SHOP NO 3 9,CHINTAMANI 16,KHETA LAYOUT BY PANDEY LAYOUT NEW SNEHNAGAR,NAGPUR PINCODE 440025, the Pandey Layout Nagpur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0002421 is required for all interbank electronic transfers routed through this branch.

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 PANDEY LAYOUT NAGPUR branch came to be assigned the code IOBA0002421.

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 IOBA0002421, money simply cannot be routed to the PANDEY LAYOUT NAGPUR branch electronically.

Products and account variants supported

Every account opened at the Pandey Layout Nagpur branch is mapped to IFSC IOBA0002421 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 IOBA0002421.

Banking services available

The Pandey Layout Nagpur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 712-2282799.

• 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 IOBA0002421

How to transfer money using IFSC IOBA0002421

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 IOBA0002421 across all three.

NEFT to Indian Overseas Bank, PANDEY LAYOUT NAGPUR using IFSC IOBA0002421

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 IOBA0002421, and confirm that the system picks up Indian Overseas Bank – PANDEY LAYOUT NAGPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to PANDEY LAYOUT NAGPUR

If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's PANDEY LAYOUT NAGPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002421 while initiating the transfer and the credit will appear within minutes.

IMPS to Indian Overseas Bank PANDEY LAYOUT NAGPUR (IFSC IOBA0002421)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002421 in your mobile or internet banking app, and the money is credited to the PANDEY LAYOUT NAGPUR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC IOBA0002421 for Indian Overseas Bank – PANDEY LAYOUT NAGPUR, 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.

For most retail customers crediting the Pandey Layout Nagpur 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 PANDEY LAYOUT NAGPUR branch, the IFSC IOBA0002421 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 IOBA0002421

Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PANDEY LAYOUT NAGPUR 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 IOBA0002421 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 IOBA0002421 and the account number together uniquely identify the Pandey Layout Nagpur 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 IOBA0002421

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 – PANDEY LAYOUT NAGPUR, 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: IOBA0002421.
• 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.

How to reach the Pandey Layout Nagpur branch

The branch is located at SHOP NO 3 9,CHINTAMANI 16,KHETA LAYOUT BY PANDEY LAYOUT NEW SNEHNAGAR,NAGPUR PINCODE 440025, which puts it inside Nagpur, the broader Nagpur district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Overseas Bank Pandey Layout Nagpur branch” — the verified location pin for IFSC IOBA0002421 should appear at the top of the results.
2. Confirm the branch is open by calling 712-2282799 before stepping out, especially around public holidays.
3. 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 IOBA0002421 and your account number.

Verifying IFSC IOBA0002421 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 IOBA0002421 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 712-2282799.
• 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 Pandey Layout Nagpur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002421, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IOBA0002421 belongs to Indian Overseas Bank's PANDEY LAYOUT NAGPUR branch, located at SHOP NO 3 9,CHINTAMANI 16,KHETA LAYOUT BY PANDEY LAYOUT NEW SNEHNAGAR,NAGPUR… in NAGPUR, MAHARASHTRA. 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.