If you are searching for the IFSC code of Indian Overseas Bank, RAMANGUDA branch in RAYAGADA, ODISHA, this page has every detail you need. The verified IFSC code for this branch is IOBA0000495. 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 RAMANGUDA branch, and detailed step-by-step guides for using the IFSC IOBA0000495 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 RAMANGUDA branch, the IFSC IOBA0000495 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000495 identifies this particular branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Ramanguda |
| IFSC Code | IOBA0000495 |
| MICR Code | Refer to cheque leaf |
| Branch Address | P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029 |
| City | Rayagada |
| District | Rayagada |
| State | Odisha |
| Phone | 262123 |
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Ramanguda branch in Rayagada. 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, IOBA0000495.
Ramanguda branch overview
Located at P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029, the Ramanguda branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0000495 is required for all interbank electronic transfers routed through this branch.
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 RAMANGUDA branch came to be assigned the code IOBA0000495.
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 IOBA0000495, money simply cannot be routed to the RAMANGUDA branch electronically.
How to transfer money using IFSC IOBA0000495
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 IOBA0000495 across all three.
NEFT to Indian Overseas Bank, RAMANGUDA using IFSC IOBA0000495
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 IOBA0000495, and confirm that the system picks up Indian Overseas Bank – RAMANGUDA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RAMANGUDA
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's RAMANGUDA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000495 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank RAMANGUDA (IFSC IOBA0000495)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000495 in your mobile or internet banking app, and the money is credited to the RAMANGUDA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0000495 for Indian Overseas Bank – RAMANGUDA, 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 – IOBA0000495 | Yes – IOBA0000495 | Yes – IOBA0000495 |
For most retail customers crediting the Ramanguda 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 IOBA0000495
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 – RAMANGUDA is still mapped to IFSC IOBA0000495. 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 IOBA0000495 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Ramanguda branch is mapped to IFSC IOBA0000495 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 IOBA0000495.
Products and services
Customers walking into the Ramanguda 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 IOBA0000495
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 IOBA0000495 and the account number together uniquely identify the Ramanguda branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0000495
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the RAMANGUDA 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 IOBA0000495 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 IOBA0000495
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 – RAMANGUDA, 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:
IOBA0000495. - 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 Ramanguda branch sits at P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029. If you are travelling from outside Rayagada, search for the branch on a maps application using the bank name and locality, or call 262123 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 IOBA0000495 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0000495 for Indian Overseas Bank – RAMANGUDA, 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 Ramanguda branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000495, however, work 24x7.
Branch address & contact
Indian Overseas BankRamanguda Branch
P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029
Rayagada, Odisha
Phone: 262123
IFSC: IOBA0000495
Frequently asked questions
Does Indian Overseas Bank Ramanguda branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 262123 to confirm.
Is IFSC IOBA0000495 the same for all accounts at Ramanguda branch?
Yes. The IFSC IOBA0000495 is shared by every account held at Indian Overseas Bank's Ramanguda branch. Only the account number changes from customer to customer.
Is IFSC IOBA0000495 valid for NEFT and RTGS?
Yes. IFSC IOBA0000495 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Indian Overseas Bank Ramanguda branch located?
Indian Overseas Bank's Ramanguda branch is located at P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029, Rayagada, Odisha.
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 Ramanguda branch but serve different purposes.
How quickly will an NEFT transfer using IOBA0000495 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Ramanguda reflect within 30 minutes.
How do I add Indian Overseas Bank Ramanguda as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000495, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0000495 belongs to Indian Overseas Bank's RAMANGUDA branch, located at P.O.RAMANAGUDA,RAMANAGUDA,PIN 765029 in RAYAGADA, ODISHA. 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.
