Below are the complete branch details for Indian Overseas Bank, NARENDRAPUR branch, located in NARENDRAPUR, ODISHA. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0000702. 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 IOBA0000702 for Indian Overseas Bank – NARENDRAPUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indian Overseas Bank's NARENDRAPUR branch, the IFSC IOBA0000702 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000702 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Narendrapur |
| IFSC Code | IOBA0000702 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAIN ROAD,NARENDRAPUR,GANJAM DISTRICT,PIN CODE 761051 |
| City | Narendrapur |
| District | Ganjam |
| State | Odisha |
| Phone | 259529 |
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Narendrapur branch in Narendrapur, Odisha is part of this network and uses the IFSC code IOBA0000702 for all electronic settlement.
About this branch
The branch is located at MAIN ROAD,NARENDRAPUR,GANJAM DISTRICT,PIN CODE 761051. It serves the Narendrapur 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 IOBA0000702 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 NARENDRAPUR branch came to be assigned the code IOBA0000702.
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 IOBA0000702, money simply cannot be routed to the NARENDRAPUR branch electronically.
How to transfer money using IFSC IOBA0000702
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 IOBA0000702 across all three.
How to use IFSC IOBA0000702 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's NARENDRAPUR 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 IOBA0000702.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as NARENDRAPUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0000702
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 – NARENDRAPUR, ensure your bank's portal accepts IFSC IOBA0000702 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank NARENDRAPUR (IFSC IOBA0000702)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000702 in your mobile or internet banking app, and the money is credited to the NARENDRAPUR branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Narendrapur
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 IOBA0000702:
- 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 NARENDRAPUR is still linked to IFSC IOBA0000702.
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 NARENDRAPUR branch, the IFSC IOBA0000702 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.
Products and account variants supported
Every account opened at the Narendrapur branch is mapped to IFSC IOBA0000702 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 IOBA0000702.
Products and services
Customers walking into the Narendrapur 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 IOBA0000702
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 IOBA0000702 and the account number together uniquely identify the Narendrapur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Narendrapur 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 IOBA0000702 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.
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 – NARENDRAPUR:
- The IFSC is exactly IOBA0000702 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 NARENDRAPUR 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 Narendrapur branch sits at MAIN ROAD,NARENDRAPUR,GANJAM DISTRICT,PIN CODE 761051. If you are travelling from outside Narendrapur, search for the branch on a maps application using the bank name and locality, or call 259529 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 IOBA0000702 and your account number.
Verifying IFSC IOBA0000702 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 IOBA0000702 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 259529.
- 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 Narendrapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000702, however, work 24x7.
Branch address & contact
Indian Overseas BankNarendrapur Branch
MAIN ROAD,NARENDRAPUR,GANJAM DISTRICT,PIN CODE 761051
Narendrapur, Odisha
Phone: 259529
IFSC: IOBA0000702
Frequently asked questions
Does Indian Overseas Bank Narendrapur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 259529 to confirm.
What is the IFSC code of Indian Overseas Bank Narendrapur branch?
The IFSC code of Indian Overseas Bank, Narendrapur branch is IOBA0000702. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC IOBA0000702 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000702 to send funds instantly.
How do I add Indian Overseas Bank Narendrapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000702, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC IOBA0000702 valid for NEFT and RTGS?
Yes. IFSC IOBA0000702 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0000702 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Narendrapur reflect within 30 minutes.
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 Narendrapur branch but serve different purposes.
What is the phone number of Indian Overseas Bank Narendrapur branch?
You can reach the branch at 259529 during regular banking hours.
Summary
The IFSC code IOBA0000702 belongs to Indian Overseas Bank's NARENDRAPUR branch, located at MAIN ROAD,NARENDRAPUR,GANJAM DISTRICT,PIN CODE 761051 in NARENDRAPUR, ODISHA. 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.
