This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, SAHAKAR NAGAR branch in PUNE. The 11-digit IFSC IOBA0001990 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 SAHAKAR 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IOBA0001990 is the IFSC of Indian Overseas Bank's SAHAKAR NAGAR branch. The format is fixed: IOBA = bank code, 0 = reserved, 001990 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Sahakar Nagar |
| IFSC Code | IOBA0001990 |
| MICR Code | Refer to cheque leaf |
| Branch Address | PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009 |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Phone | 24228660 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Sahakar Nagar 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, IOBA0001990.
About this branch
The branch is located at PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009. 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 IOBA0001990 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 SAHAKAR NAGAR branch came to be assigned the code IOBA0001990.
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 IOBA0001990, money simply cannot be routed to the SAHAKAR NAGAR branch electronically.
How to transfer money using IFSC IOBA0001990
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 IOBA0001990 across all three.
NEFT to Indian Overseas Bank, SAHAKAR NAGAR using IFSC IOBA0001990
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 IOBA0001990, and confirm that the system picks up Indian Overseas Bank – SAHAKAR NAGAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SAHAKAR NAGAR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's SAHAKAR NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001990 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank SAHAKAR NAGAR (IFSC IOBA0001990)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001990 in your mobile or internet banking app, and the money is credited to the SAHAKAR NAGAR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001990 for Indian Overseas Bank – SAHAKAR 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 – IOBA0001990 | Yes – IOBA0001990 | Yes – IOBA0001990 |
For most retail customers crediting the Sahakar 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.
UPI payments and IFSC IOBA0001990
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 – SAHAKAR NAGAR is still mapped to IFSC IOBA0001990. 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 IOBA0001990 and the beneficiary's account number to complete the transfer.
Account types you can open at the Sahakar Nagar branch
Once you have an account at Indian Overseas Bank – SAHAKAR NAGAR, the IFSC IOBA0001990 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 Sahakar Nagar 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 IOBA0001990
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 IOBA0001990 and the account number together uniquely identify the Sahakar Nagar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0001990
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SAHAKAR 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 IOBA0001990 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.
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 – SAHAKAR NAGAR:
- The IFSC is exactly IOBA0001990 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 SAHAKAR NAGAR 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 Sahakar Nagar branch sits at PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009. If you are travelling from outside Pune, search for the branch on a maps application using the bank name and locality, or call 24228660 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 IOBA0001990 and your account number.
Verifying IFSC IOBA0001990 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 IOBA0001990 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 24228660.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Sahakar Nagar 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 IOBA0001990 continue to work without interruption.
Branch address & contact
Indian Overseas BankSahakar Nagar Branch
PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009
Pune, Maharashtra
Phone: 24228660
IFSC: IOBA0001990
Frequently asked questions
Does Indian Overseas Bank Sahakar Nagar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 24228660 to confirm.
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 Sahakar Nagar branch but serve different purposes.
What is the phone number of Indian Overseas Bank Sahakar Nagar branch?
You can reach the branch at 24228660 during regular banking hours.
How quickly will an NEFT transfer using IOBA0001990 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Sahakar Nagar reflect within 30 minutes.
Is IFSC IOBA0001990 the same for all accounts at Sahakar Nagar branch?
Yes. The IFSC IOBA0001990 is shared by every account held at Indian Overseas Bank's Sahakar Nagar branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0001990 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001990 to send funds instantly.
How do I add Indian Overseas Bank Sahakar Nagar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001990, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indian Overseas Bank Sahakar Nagar branch located?
Indian Overseas Bank's Sahakar Nagar branch is located at PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009, Pune, Maharashtra.
Summary
The IFSC code IOBA0001990 belongs to Indian Overseas Bank's SAHAKAR NAGAR branch, located at PLOT NO 14,ARANYESHWAR DHARSHAN SOCIETY,SAHAKAR NAGAR,PUNE 411 009 in PUNE, MAHARASHTRA. 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.
