If you are searching for the IFSC code of Indian Overseas Bank, PALSANDA branch in PALSANDA, WEST BENGAL, this page has every detail you need. The verified IFSC code for this branch is IOBA0002314. 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 PALSANDA branch, and detailed step-by-step guides for using the IFSC IOBA0002314 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.
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 PALSANDA branch, the IFSC IOBA0002314 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 002314 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Palsanda branch in Palsanda. 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, IOBA0002314.
Palsanda branch overview
Located at VILLAGE AND POST PALSANDA MORE,PS NABGRAM,DIST MURSHIDABAD,742184, the Palsanda branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0002314 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Palsanda |
| IFSC Code | IOBA0002314 |
| MICR Code | Refer to cheque leaf |
| Branch Address | VILLAGE AND POST PALSANDA MORE,PS NABGRAM,DIST MURSHIDABAD,742184 |
| City | Palsanda |
| District | Murshidabad |
| State | West Bengal |
| STD Code | 44 |
| Phone | 28584896 |
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 PALSANDA branch came to be assigned the code IOBA0002314.
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 IOBA0002314, money simply cannot be routed to the PALSANDA 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 IOBA0002314 and the account number together uniquely identify the Palsanda branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0002314
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 IOBA0002314 across all three.
NEFT to Indian Overseas Bank, PALSANDA using IFSC IOBA0002314
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 IOBA0002314, and confirm that the system picks up Indian Overseas Bank – PALSANDA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0002314
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 – PALSANDA, ensure your bank's portal accepts IFSC IOBA0002314 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank PALSANDA (IFSC IOBA0002314)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002314 in your mobile or internet banking app, and the money is credited to the PALSANDA branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Palsanda
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 IOBA0002314:
- 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 PALSANDA is still linked to IFSC IOBA0002314.
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.
UPI payments and IFSC IOBA0002314
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 – PALSANDA is still mapped to IFSC IOBA0002314. 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 IOBA0002314 and the beneficiary's account number to complete the transfer.
Account types you can open at the Palsanda branch
Once you have an account at Indian Overseas Bank – PALSANDA, the IFSC IOBA0002314 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Palsanda 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 IOBA0002314
Online banking and IFSC IOBA0002314
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PALSANDA branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IOBA0002314 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the Palsanda branch
The branch is located at VILLAGE AND POST PALSANDA MORE,PS NABGRAM,DIST MURSHIDABAD,742184, which puts it inside Palsanda, the broader Murshidabad district, and the state of West Bengal. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Palsanda branch” — the verified location pin for IFSC IOBA0002314 should appear at the top of the results.
- Confirm the branch is open by calling 44-28584896 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 IOBA0002314 and your account number.
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 – PALSANDA:
- The IFSC is exactly IOBA0002314 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 PALSANDA 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.
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 Palsanda branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002314, however, work 24x7.
Verifying IFSC IOBA0002314 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 IOBA0002314 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 44-28584896.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankPalsanda Branch
VILLAGE AND POST PALSANDA MORE,PS NABGRAM,DIST MURSHIDABAD,742184
Palsanda, West Bengal
Phone: 44-28584896
IFSC: IOBA0002314
Frequently asked questions
How quickly will an NEFT transfer using IOBA0002314 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Palsanda reflect within 30 minutes.
Where is Indian Overseas Bank Palsanda branch located?
Indian Overseas Bank's Palsanda branch is located at VILLAGE AND POST PALSANDA MORE,PS NABGRAM,DIST MURSHIDABAD,742184, Palsanda, West Bengal.
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 Palsanda branch but serve different purposes.
Can I use IFSC IOBA0002314 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002314 to send funds instantly.
Is IFSC IOBA0002314 the same for all accounts at Palsanda branch?
Yes. The IFSC IOBA0002314 is shared by every account held at Indian Overseas Bank's Palsanda branch. Only the account number changes from customer to customer.
Is IFSC IOBA0002314 valid for NEFT and RTGS?
Yes. IFSC IOBA0002314 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Overseas Bank Palsanda as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002314, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indian Overseas Bank Palsanda branch?
You can reach the branch at 44-28584896 during regular banking hours.
Final notes
To recap: IOBA0002314 is the IFSC code of Indian Overseas Bank, PALSANDA branch, in PALSANDA, WEST BENGAL. 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.
