IFSC Code of Indian Overseas Bank, Samatha Nagar Ongole Branch, Andhra Pradesh

If you are searching for the IFSC code of Indian Overseas Bank, SAMATHA NAGAR ONGOLE branch in ONGOLE, ANDHRA PRADESH, this page has every detail you need. The verified IFSC code for this branch is IOBA0002401. 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 SAMATHA NAGAR ONGOLE branch, and detailed step-by-step guides for using the IFSC IOBA0002401 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.

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 – SAMATHA NAGAR ONGOLE is IOBA0002401. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002401 map to this branch in ONGOLE, ANDHRA PRADESH.

Bank profile

Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Samatha Nagar Ongole branch — IFSC IOBA0002401 — extends the bank's services to customers in and around Ongole, Andhra Pradesh.

Branch details at a glance

About the Samatha Nagar Ongole branch

The Samatha Nagar Ongole branch of Indian Overseas Bank is situated at PLOT NO 160 BY 1 BESIDE ST XAVIERS SCHOOL KURNOOL ROAD ONGOLE,PRAKASAM DISTRICT PINCODE 523002 A P. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IOBA0002401 is used.

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 SAMATHA NAGAR ONGOLE branch came to be assigned the code IOBA0002401.

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 IOBA0002401, money simply cannot be routed to the SAMATHA NAGAR ONGOLE branch electronically.

Products and account variants supported

Every account opened at the Samatha Nagar Ongole branch is mapped to IFSC IOBA0002401 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 IOBA0002401.

Products and services

Customers walking into the Samatha Nagar Ongole 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 IOBA0002401

How to transfer money using IFSC IOBA0002401

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 IOBA0002401 across all three.

NEFT to Indian Overseas Bank, SAMATHA NAGAR ONGOLE using IFSC IOBA0002401

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 IOBA0002401, and confirm that the system picks up Indian Overseas Bank – SAMATHA NAGAR ONGOLE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC IOBA0002401

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 – SAMATHA NAGAR ONGOLE, ensure your bank's portal accepts IFSC IOBA0002401 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Indian Overseas Bank SAMATHA NAGAR ONGOLE (IFSC IOBA0002401)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002401 in your mobile or internet banking app, and the money is credited to the SAMATHA NAGAR ONGOLE branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Samatha Nagar Ongole

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 IOBA0002401:

• 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 SAMATHA NAGAR ONGOLE is still linked to IFSC IOBA0002401.

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 SAMATHA NAGAR ONGOLE branch, the IFSC IOBA0002401 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 Samatha Nagar Ongole 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 IOBA0002401 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 Samatha Nagar Ongole branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002401 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Common mistakes to avoid when using IFSC IOBA0002401

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 – SAMATHA NAGAR ONGOLE, 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: IOBA0002401.
• 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 Samatha Nagar Ongole branch

The branch is located at PLOT NO 160 BY 1 BESIDE ST XAVIERS SCHOOL KURNOOL ROAD ONGOLE,PRAKASAM DISTRICT PINCODE 523002 A P, which puts it inside Ongole, the broader Prakasam district, and the state of Andhra Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Overseas Bank Samatha Nagar Ongole branch” — the verified location pin for IFSC IOBA0002401 should appear at the top of the results.
2. Confirm the branch is open by calling 282278 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 IOBA0002401 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IOBA0002401 for Indian Overseas Bank – SAMATHA NAGAR ONGOLE, 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 Samatha Nagar Ongole 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 IOBA0002401 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: IOBA0002401 is the IFSC code of Indian Overseas Bank, SAMATHA NAGAR ONGOLE branch, in ONGOLE, 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.