This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, NANDYAL branch in NANDYAL. The 11-digit IFSC IOBA0000718 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 NANDYAL 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.
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, IOBA0000718 is the IFSC of Indian Overseas Bank's NANDYAL branch. The format is fixed: IOBA = bank code, 0 = reserved, 000718 = branch identifier.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Nandyal branch in Nandyal, Andhra Pradesh is part of this network and uses the IFSC code IOBA0000718 for all electronic settlement.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Nandyal |
| IFSC Code | IOBA0000718 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 25 BY 21, NEAR BUS STAND, R S ROAD, NANDYAL PIN 518501 |
| City | Nandyal |
| District | Kurnool |
| State | Andhra Pradesh |
| STD Code | 8514 |
| Phone | 242094 |
About this branch
The branch is located at 25 BY 21, NEAR BUS STAND, R S ROAD, NANDYAL PIN 518501. It serves the Nandyal 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 IOBA0000718 is used to identify this branch on the RBI payments network.
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 NANDYAL branch came to be assigned the code IOBA0000718.
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 IOBA0000718, money simply cannot be routed to the NANDYAL branch electronically.
Products and account variants supported
Every account opened at the Nandyal branch is mapped to IFSC IOBA0000718 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 IOBA0000718.
Products and services
Customers walking into the Nandyal branch can access most of Indian Overseas Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IOBA0000718
How to transfer money using IFSC IOBA0000718
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 IOBA0000718 across all three.
NEFT to Indian Overseas Bank, NANDYAL using IFSC IOBA0000718
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 IOBA0000718, and confirm that the system picks up Indian Overseas Bank – NANDYAL. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0000718
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 – NANDYAL, ensure your bank's portal accepts IFSC IOBA0000718 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank NANDYAL (IFSC IOBA0000718)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000718 in your mobile or internet banking app, and the money is credited to the NANDYAL branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Nandyal
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IOBA0000718:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at NANDYAL is still linked to IFSC IOBA0000718.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
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 NANDYAL branch, the IFSC IOBA0000718 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 Nandyal 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 IOBA0000718 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 & cheque-truncation details
Cheques drawn on the Nandyal branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000718 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – NANDYAL:
- The IFSC is exactly IOBA0000718 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 NANDYAL 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.
How to reach the Nandyal branch
The branch is located at 25 BY 21, NEAR BUS STAND, R S ROAD, NANDYAL PIN 518501, which puts it inside Nandyal, the broader Kurnool district, and the state of Andhra Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Nandyal branch” — the verified location pin for IFSC IOBA0000718 should appear at the top of the results.
- Confirm the branch is open by calling 8514-242094 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 IOBA0000718 and your account number.
Verifying IFSC IOBA0000718 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 IOBA0000718 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8514-242094.
- 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 Nandyal branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000718, however, work 24x7.
Branch address & contact
Indian Overseas BankNandyal Branch
25 BY 21, NEAR BUS STAND, R S ROAD, NANDYAL PIN 518501
Nandyal, Andhra Pradesh
Phone: 8514-242094
IFSC: IOBA0000718
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 Nandyal branch but serve different purposes.
How quickly will an NEFT transfer using IOBA0000718 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Nandyal reflect within 30 minutes.
What is the IFSC code of Indian Overseas Bank Nandyal branch?
The IFSC code of Indian Overseas Bank, Nandyal branch is IOBA0000718. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Indian Overseas Bank Nandyal branch located?
Indian Overseas Bank's Nandyal branch is located at 25 BY 21, NEAR BUS STAND, R S ROAD, NANDYAL PIN 518501, Nandyal, Andhra Pradesh.
How do I add Indian Overseas Bank Nandyal as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000718, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IOBA0000718 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000718 to send funds instantly.
Final notes
To recap: IOBA0000718 is the IFSC code of Indian Overseas Bank, NANDYAL branch, in NANDYAL, ANDHRA PRADESH. 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.
