This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, SINDURPANK branch in SAMBALPUR. The 11-digit IFSC IOBA0003588 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 SINDURPANK 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 – SINDURPANK is IOBA0003588. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 003588 map to this branch in SAMBALPUR, ODISHA.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Sindurpank branch in Sambalpur. 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, IOBA0003588.
Sindurpank branch overview
Located at SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005, the Sindurpank branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0003588 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Sindurpank |
| IFSC Code | IOBA0003588 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005 |
| City | Sambalpur |
| District | Sambalpur |
| State | Odisha |
| STD Code | 680 |
| Phone | 2290405 |
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 SINDURPANK of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0003588 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 IOBA0003588 the same way you would treat your account number — verify it once and save it carefully for future use.
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 IOBA0003588 and the account number together uniquely identify the Sindurpank branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC IOBA0003588
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 IOBA0003588 across all three.
NEFT to Indian Overseas Bank, SINDURPANK using IFSC IOBA0003588
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 IOBA0003588, and confirm that the system picks up Indian Overseas Bank – SINDURPANK. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0003588
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 – SINDURPANK, ensure your bank's portal accepts IFSC IOBA0003588 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – SINDURPANK, use IMPS. With IFSC IOBA0003588 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0003588 for Indian Overseas Bank – SINDURPANK, 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 – IOBA0003588 | Yes – IOBA0003588 | Yes – IOBA0003588 |
For most retail customers crediting the Sindurpank 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 SINDURPANK branch, the IFSC IOBA0003588 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 Sindurpank branch
Once you have an account at Indian Overseas Bank – SINDURPANK, the IFSC IOBA0003588 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 Sindurpank 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 IOBA0003588
Online banking and IFSC IOBA0003588
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SINDURPANK 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 IOBA0003588 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.
Reaching the branch
The Sindurpank branch sits at SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005. If you are travelling from outside Sambalpur, search for the branch on a maps application using the bank name and locality, or call 680-2290405 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 IOBA0003588 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 – SINDURPANK:
- The IFSC is exactly IOBA0003588 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 SINDURPANK 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.
Working hours
Branch counters at Sindurpank 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 IOBA0003588 continue to work without interruption.
Verifying IFSC IOBA0003588 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 IOBA0003588 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 680-2290405.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankSindurpank Branch
SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005
Sambalpur, Odisha
Phone: 680-2290405
IFSC: IOBA0003588
Frequently asked questions
Can I use IFSC IOBA0003588 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0003588 to send funds instantly.
Is IFSC IOBA0003588 the same for all accounts at Sindurpank branch?
Yes. The IFSC IOBA0003588 is shared by every account held at Indian Overseas Bank's Sindurpank branch. Only the account number changes from customer to customer.
Where is Indian Overseas Bank Sindurpank branch located?
Indian Overseas Bank's Sindurpank branch is located at SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005, Sambalpur, Odisha.
How do I add Indian Overseas Bank Sindurpank as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0003588, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Indian Overseas Bank Sindurpank branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 680-2290405 to confirm.
What is the phone number of Indian Overseas Bank Sindurpank branch?
You can reach the branch at 680-2290405 during regular banking hours.
Summary
The IFSC code IOBA0003588 belongs to Indian Overseas Bank's SINDURPANK branch, located at SAHU COMPLEX, NEAR CHECK GATE, SINDURPANK,SAMBALPUR,DT-SAMBALPUR,768005 in SAMBALPUR, 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.
