Use this page as a one-stop reference for everything related to Indian Overseas Bank's PIMPRI CHINCHWAD branch in PUNE, MAHARASHTRA. The branch's IFSC code IOBA0001229 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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 – PIMPRI CHINCHWAD is IOBA0001229. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001229 map to this branch in PUNE, MAHARASHTRA.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Pimpri Chinchwad |
| IFSC Code | IOBA0001229 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Phone | 27350711 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Pimpri Chinchwad branch in Pune. 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, IOBA0001229.
About this branch
The branch is located at SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE. It serves the Pune 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 IOBA0001229 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 PIMPRI CHINCHWAD branch came to be assigned the code IOBA0001229.
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 IOBA0001229, money simply cannot be routed to the PIMPRI CHINCHWAD branch electronically.
How to transfer money using IFSC IOBA0001229
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 IOBA0001229 across all three.
NEFT to Indian Overseas Bank, PIMPRI CHINCHWAD using IFSC IOBA0001229
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 IOBA0001229, and confirm that the system picks up Indian Overseas Bank – PIMPRI CHINCHWAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0001229
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 – PIMPRI CHINCHWAD, ensure your bank's portal accepts IFSC IOBA0001229 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank PIMPRI CHINCHWAD (IFSC IOBA0001229)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001229 in your mobile or internet banking app, and the money is credited to the PIMPRI CHINCHWAD branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Pimpri Chinchwad
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 IOBA0001229:
- 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 PIMPRI CHINCHWAD is still linked to IFSC IOBA0001229.
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 IOBA0001229
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 – PIMPRI CHINCHWAD is still mapped to IFSC IOBA0001229. 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 IOBA0001229 and the beneficiary's account number to complete the transfer.
Account types you can open at the Pimpri Chinchwad branch
Once you have an account at Indian Overseas Bank – PIMPRI CHINCHWAD, the IFSC IOBA0001229 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 Pimpri Chinchwad 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 IOBA0001229
MICR & cheque-truncation details
Cheques drawn on the Pimpri Chinchwad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001229 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Pimpri Chinchwad 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 IOBA0001229 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 – PIMPRI CHINCHWAD:
- The IFSC is exactly IOBA0001229 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 PIMPRI CHINCHWAD 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.
How to reach the Pimpri Chinchwad branch
The branch is located at SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE, which puts it inside Pune, the broader Pune district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Pimpri Chinchwad branch” — the verified location pin for IFSC IOBA0001229 should appear at the top of the results.
- Confirm the branch is open by calling 27350711 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 IOBA0001229 and your account number.
Verifying IFSC IOBA0001229 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 IOBA0001229 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 27350711.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Pimpri Chinchwad 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 IOBA0001229 continue to work without interruption.
Branch address & contact
Indian Overseas BankPimpri Chinchwad Branch
SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE
Pune, Maharashtra
Phone: 27350711
IFSC: IOBA0001229
Frequently asked questions
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 Pimpri Chinchwad branch but serve different purposes.
Is IFSC IOBA0001229 valid for NEFT and RTGS?
Yes. IFSC IOBA0001229 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Overseas Bank Pimpri Chinchwad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001229, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC IOBA0001229 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001229 to send funds instantly.
Does Indian Overseas Bank Pimpri Chinchwad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 27350711 to confirm.
Where is Indian Overseas Bank Pimpri Chinchwad branch located?
Indian Overseas Bank's Pimpri Chinchwad branch is located at SHOP E AND 6, VISHAL ARCADE OPP ELPRO INTL LTD, STATION ROAD, CHINCHWAD, PUNE, Pune, Maharashtra.
How quickly will an NEFT transfer using IOBA0001229 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Pimpri Chinchwad reflect within 30 minutes.
Is IFSC IOBA0001229 the same for all accounts at Pimpri Chinchwad branch?
Yes. The IFSC IOBA0001229 is shared by every account held at Indian Overseas Bank's Pimpri Chinchwad branch. Only the account number changes from customer to customer.
Final notes
To recap: IOBA0001229 is the IFSC code of Indian Overseas Bank, PIMPRI CHINCHWAD branch, in PUNE, MAHARASHTRA. 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.
