This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, PATNA SHASTRI NAGAR branch in PATNA. The 11-digit IFSC IOBA0001512 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 PATNA SHASTRI NAGAR 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.
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 – PATNA SHASTRI NAGAR is IOBA0001512. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001512 map to this branch in PATNA, BIHAR.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Patna Shastri Nagar |
| IFSC Code | IOBA0001512 |
| MICR Code | Refer to cheque leaf |
| Branch Address | BELTRON BHAVAN,SHASTRI NAGAR, PATNAPIN 800023 |
| City | Patna |
| District | Patna |
| State | Bihar |
| Phone | 2281811 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Patna Shastri Nagar branch in Patna. 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, IOBA0001512.
About this branch
The branch is located at BELTRON BHAVAN,SHASTRI NAGAR, PATNAPIN 800023. It serves the Patna 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 IOBA0001512 is used to identify this branch on the RBI payments network.
Why every Indian Overseas Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including PATNA SHASTRI NAGAR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001512 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IOBA0001512 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IOBA0001512
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 IOBA0001512 across all three.
How to use IFSC IOBA0001512 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's PATNA SHASTRI NAGAR 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 IOBA0001512.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as PATNA SHASTRI NAGAR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0001512
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 – PATNA SHASTRI NAGAR, ensure your bank's portal accepts IFSC IOBA0001512 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank PATNA SHASTRI NAGAR (IFSC IOBA0001512)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001512 in your mobile or internet banking app, and the money is credited to the PATNA SHASTRI NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001512 for Indian Overseas Bank – PATNA SHASTRI NAGAR, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IOBA0001512 | Yes – IOBA0001512 | Yes – IOBA0001512 |
For most retail customers crediting the Patna Shastri Nagar 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.
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 PATNA SHASTRI NAGAR branch, the IFSC IOBA0001512 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.
Account types you can open at the Patna Shastri Nagar branch
Once you have an account at Indian Overseas Bank – PATNA SHASTRI NAGAR, the IFSC IOBA0001512 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.
Banking services available
The Patna Shastri Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2281811.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IOBA0001512
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 IOBA0001512 and the account number together uniquely identify the Patna Shastri Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0001512
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PATNA SHASTRI NAGAR 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 IOBA0001512 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.
Common mistakes to avoid when using IFSC IOBA0001512
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 – PATNA SHASTRI NAGAR, 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:
IOBA0001512. - 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.
Reaching the branch
The Patna Shastri Nagar branch sits at BELTRON BHAVAN,SHASTRI NAGAR, PATNAPIN 800023. If you are travelling from outside Patna, search for the branch on a maps application using the bank name and locality, or call 2281811 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 IOBA0001512 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0001512 for Indian Overseas Bank – PATNA SHASTRI NAGAR, 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.
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 Patna Shastri Nagar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001512, however, work 24x7.
Branch address & contact
Indian Overseas BankPatna Shastri Nagar Branch
BELTRON BHAVAN,SHASTRI NAGAR, PATNAPIN 800023
Patna, Bihar
Phone: 2281811
IFSC: IOBA0001512
Frequently asked questions
What is the phone number of Indian Overseas Bank Patna Shastri Nagar branch?
You can reach the branch at 2281811 during regular banking hours.
How do I add Indian Overseas Bank Patna Shastri Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001512, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Overseas Bank Patna Shastri Nagar branch?
The IFSC code of Indian Overseas Bank, Patna Shastri Nagar branch is IOBA0001512. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using IOBA0001512 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Patna Shastri Nagar reflect within 30 minutes.
Is IFSC IOBA0001512 the same for all accounts at Patna Shastri Nagar branch?
Yes. The IFSC IOBA0001512 is shared by every account held at Indian Overseas Bank's Patna Shastri Nagar branch. Only the account number changes from customer to customer.
Is IFSC IOBA0001512 valid for NEFT and RTGS?
Yes. IFSC IOBA0001512 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Indian Overseas Bank Patna Shastri Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2281811 to confirm.
Summary
The IFSC code IOBA0001512 belongs to Indian Overseas Bank's PATNA SHASTRI NAGAR branch, located at BELTRON BHAVAN,SHASTRI NAGAR, PATNAPIN 800023 in PATNA, BIHAR. 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.
