This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, SANAND branch in SANAND. The 11-digit IFSC IOBA0002304 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 SANAND 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 – SANAND is IOBA0002304. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002304 map to this branch in SANAND, GUJARAT.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Sanand branch in Sanand. 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, IOBA0002304.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Sanand |
| IFSC Code | IOBA0002304 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CHANDRAPRABHA COOP HOUSING SOC LTD,OPP RIDDHI SIDDHI BUNGLOW,SANAND,382110 |
| City | Sanand |
| District | Ahmadabad |
| State | Gujarat |
| Phone | 223423 |
About the Sanand branch
The Sanand branch of Indian Overseas Bank is situated at CHANDRAPRABHA COOP HOUSING SOC LTD,OPP RIDDHI SIDDHI BUNGLOW,SANAND,382110. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IOBA0002304 is used.
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 SANAND of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002304 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 IOBA0002304 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Sanand branch
Once you have an account at Indian Overseas Bank – SANAND, the IFSC IOBA0002304 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 Sanand branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 223423.
- 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 IOBA0002304
How to transfer money using IFSC IOBA0002304
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 IOBA0002304 across all three.
NEFT to Indian Overseas Bank, SANAND using IFSC IOBA0002304
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 IOBA0002304, and confirm that the system picks up Indian Overseas Bank – SANAND. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SANAND
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's SANAND branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002304 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – SANAND, use IMPS. With IFSC IOBA0002304 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 IOBA0002304 for Indian Overseas Bank – SANAND, 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 – IOBA0002304 | Yes – IOBA0002304 | Yes – IOBA0002304 |
For most retail customers crediting the Sanand 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 IOBA0002304
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 – SANAND is still mapped to IFSC IOBA0002304. 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 IOBA0002304 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0002304
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SANAND 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 IOBA0002304 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.
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 IOBA0002304 and the account number together uniquely identify the Sanand branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IOBA0002304
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 – SANAND, 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:
IOBA0002304. - 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.
How to reach the Sanand branch
The branch is located at CHANDRAPRABHA COOP HOUSING SOC LTD,OPP RIDDHI SIDDHI BUNGLOW,SANAND,382110, which puts it inside Sanand, the broader Ahmadabad district, and the state of Gujarat. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Sanand branch” — the verified location pin for IFSC IOBA0002304 should appear at the top of the results.
- Confirm the branch is open by calling 223423 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 IOBA0002304 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0002304 for Indian Overseas Bank – SANAND, 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 Sanand branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002304, however, work 24x7.
Branch address & contact
Indian Overseas BankSanand Branch
CHANDRAPRABHA COOP HOUSING SOC LTD,OPP RIDDHI SIDDHI BUNGLOW,SANAND,382110
Sanand, Gujarat
Phone: 223423
IFSC: IOBA0002304
Frequently asked questions
Is IFSC IOBA0002304 valid for NEFT and RTGS?
Yes. IFSC IOBA0002304 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Sanand branch but serve different purposes.
What is the phone number of Indian Overseas Bank Sanand branch?
You can reach the branch at 223423 during regular banking hours.
How do I add Indian Overseas Bank Sanand as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002304, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indian Overseas Bank Sanand branch located?
Indian Overseas Bank's Sanand branch is located at CHANDRAPRABHA COOP HOUSING SOC LTD,OPP RIDDHI SIDDHI BUNGLOW,SANAND,382110, Sanand, Gujarat.
How quickly will an NEFT transfer using IOBA0002304 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Sanand reflect within 30 minutes.
Can I use IFSC IOBA0002304 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002304 to send funds instantly.
Does Indian Overseas Bank Sanand branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 223423 to confirm.
Final notes
To recap: IOBA0002304 is the IFSC code of Indian Overseas Bank, SANAND branch, in SANAND, GUJARAT. 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.
