IFSC Code of Indian Overseas Bank, Mayur Vihar Phase Iii Branch, Delhi

This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, MAYUR VIHAR PHASE III branch in NEW DELHI. The 11-digit IFSC IOBA0002442 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 MAYUR VIHAR PHASE III 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.

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 MAYUR VIHAR PHASE III branch, the IFSC IOBA0002442 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 002442 identifies this particular branch.

About the bank

Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mayur Vihar Phase Iii branch in New Delhi, Delhi is part of this network and uses the IFSC code IOBA0002442 for all electronic settlement.

Branch details at a glance

Mayur Vihar Phase Iii branch overview

Located at AGGARWAL TOWER,D D A SHOPPING CENTRE MAYUR VIHAR PHASE III KONDLI GHAROLI,DELHI 110096, the Mayur Vihar Phase Iii branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0002442 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 MAYUR VIHAR PHASE III branch came to be assigned the code IOBA0002442.

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 IOBA0002442, money simply cannot be routed to the MAYUR VIHAR PHASE III branch electronically.

Products and account variants supported

Every account opened at the Mayur Vihar Phase Iii branch is mapped to IFSC IOBA0002442 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 IOBA0002442.

Products and services

Customers walking into the Mayur Vihar Phase Iii 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 IOBA0002442

How to transfer money using IFSC IOBA0002442

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 IOBA0002442 across all three.

How to use IFSC IOBA0002442 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's MAYUR VIHAR PHASE III 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IOBA0002442.
4. Confirm the bank name auto-populates as Indian Overseas Bank and the branch as MAYUR VIHAR PHASE III.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to MAYUR VIHAR PHASE III

If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's MAYUR VIHAR PHASE III branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002442 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Indian Overseas Bank – MAYUR VIHAR PHASE III, use IMPS. With IFSC IOBA0002442 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC IOBA0002442 for Indian Overseas Bank – MAYUR VIHAR PHASE III, 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 Mayur Vihar Phase Iii 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 IOBA0002442

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 – MAYUR VIHAR PHASE III is still mapped to IFSC IOBA0002442. 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 IOBA0002442 and the beneficiary's account number to complete the transfer.

Digital banking channels

Most day-to-day work that customers used to do at the Mayur Vihar Phase Iii 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 IOBA0002442 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 Mayur Vihar Phase Iii branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002442 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 – MAYUR VIHAR PHASE III:

• The IFSC is exactly IOBA0002442 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 MAYUR VIHAR PHASE III 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 Mayur Vihar Phase Iii branch sits at AGGARWAL TOWER,D D A SHOPPING CENTRE MAYUR VIHAR PHASE III KONDLI GHAROLI,DELHI 110096. If you are travelling from outside New Delhi, search for the branch on a maps application using the bank name and locality, or call 22611936 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 IOBA0002442 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IOBA0002442 for Indian Overseas Bank – MAYUR VIHAR PHASE III, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Mayur Vihar Phase Iii 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 IOBA0002442 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IOBA0002442 belongs to Indian Overseas Bank's MAYUR VIHAR PHASE III branch, located at AGGARWAL TOWER,D D A SHOPPING CENTRE MAYUR VIHAR PHASE III KONDLI… in NEW DELHI, DELHI. 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.