Below are the complete branch details for Indian Overseas Bank, NAKODAR branch, located in NAKODAR, PUNJAB. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0001953. 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 IOBA0001953 for Indian Overseas Bank – NAKODAR — 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 – NAKODAR is IOBA0001953. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001953 map to this branch in NAKODAR, PUNJAB.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Nakodar branch in Nakodar. 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, IOBA0001953.
About this branch
The branch is located at SHANKAR ROAD,NAKODAR,JALANDHAR PIN144040. It serves the Nakodar 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 IOBA0001953 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Nakodar |
| IFSC Code | IOBA0001953 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHANKAR ROAD,NAKODAR,JALANDHAR PIN144040 |
| City | Nakodar |
| District | Jalandhar |
| State | Punjab |
| Phone | 227401 |
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 NAKODAR branch came to be assigned the code IOBA0001953.
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 IOBA0001953, money simply cannot be routed to the NAKODAR branch electronically.
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 IOBA0001953 and the account number together uniquely identify the Nakodar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0001953
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 IOBA0001953 across all three.
NEFT to Indian Overseas Bank, NAKODAR using IFSC IOBA0001953
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 IOBA0001953, and confirm that the system picks up Indian Overseas Bank – NAKODAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to NAKODAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's NAKODAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001953 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank NAKODAR (IFSC IOBA0001953)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001953 in your mobile or internet banking app, and the money is credited to the NAKODAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001953 for Indian Overseas Bank – NAKODAR, 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 – IOBA0001953 | Yes – IOBA0001953 | Yes – IOBA0001953 |
For most retail customers crediting the Nakodar 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 IOBA0001953
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 – NAKODAR is still mapped to IFSC IOBA0001953. 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 IOBA0001953 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Nakodar branch is mapped to IFSC IOBA0001953 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 IOBA0001953.
Banking services available
The Nakodar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 227401.
- 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 IOBA0001953
Digital banking channels
Most day-to-day work that customers used to do at the Nakodar 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 IOBA0001953 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.
How to reach the Nakodar branch
The branch is located at SHANKAR ROAD,NAKODAR,JALANDHAR PIN144040, which puts it inside Nakodar, the broader Jalandhar district, and the state of Punjab. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Nakodar branch” — the verified location pin for IFSC IOBA0001953 should appear at the top of the results.
- Confirm the branch is open by calling 227401 before stepping out, especially around public holidays.
- 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 IOBA0001953 and your account number.
Common mistakes to avoid when using IFSC IOBA0001953
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 – NAKODAR, 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:
IOBA0001953. - 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.
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 Nakodar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001953, however, work 24x7.
Verifying IFSC IOBA0001953 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 IOBA0001953 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 227401.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankNakodar Branch
SHANKAR ROAD,NAKODAR,JALANDHAR PIN144040
Nakodar, Punjab
Phone: 227401
IFSC: IOBA0001953
Frequently asked questions
What is the phone number of Indian Overseas Bank Nakodar branch?
You can reach the branch at 227401 during regular banking hours.
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 Nakodar branch but serve different purposes.
Can I use IFSC IOBA0001953 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001953 to send funds instantly.
Where is Indian Overseas Bank Nakodar branch located?
Indian Overseas Bank's Nakodar branch is located at SHANKAR ROAD,NAKODAR,JALANDHAR PIN144040, Nakodar, Punjab.
Is IFSC IOBA0001953 the same for all accounts at Nakodar branch?
Yes. The IFSC IOBA0001953 is shared by every account held at Indian Overseas Bank's Nakodar branch. Only the account number changes from customer to customer.
Is IFSC IOBA0001953 valid for NEFT and RTGS?
Yes. IFSC IOBA0001953 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Overseas Bank Nakodar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001953, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IOBA0001953 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Nakodar reflect within 30 minutes.
Final notes
To recap: IOBA0001953 is the IFSC code of Indian Overseas Bank, NAKODAR branch, in NAKODAR, PUNJAB. 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.
