Use this page as a one-stop reference for everything related to Indian Overseas Bank's SARAIDHELA branch in SERAIDHELA, JHARKHAND. The branch's IFSC code IOBA0002344 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.
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, IOBA0002344 is the IFSC of Indian Overseas Bank's SARAIDHELA branch. The format is fixed: IOBA = bank code, 0 = reserved, 002344 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Saraidhela |
| IFSC Code | IOBA0002344 |
| MICR Code | Refer to cheque leaf |
| Branch Address | WARD NO 28 MAIN ROAD SARAIDHELA DHANBAD JHARKHAND 828127 |
| City | Seraidhela |
| District | Dhanbad |
| State | Jharkhand |
| Phone | 2222054 |
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Saraidhela branch in Seraidhela, Jharkhand is part of this network and uses the IFSC code IOBA0002344 for all electronic settlement.
About this branch
The branch is located at WARD NO 28 MAIN ROAD SARAIDHELA DHANBAD JHARKHAND 828127. It serves the Seraidhela 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 IOBA0002344 is used to identify this branch on the RBI payments network.
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 SARAIDHELA of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002344 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 IOBA0002344 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IOBA0002344
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 IOBA0002344 across all three.
NEFT to Indian Overseas Bank, SARAIDHELA using IFSC IOBA0002344
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 IOBA0002344, and confirm that the system picks up Indian Overseas Bank – SARAIDHELA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to SARAIDHELA
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's SARAIDHELA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002344 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank SARAIDHELA (IFSC IOBA0002344)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002344 in your mobile or internet banking app, and the money is credited to the SARAIDHELA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002344 for Indian Overseas Bank – SARAIDHELA, 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 – IOBA0002344 | Yes – IOBA0002344 | Yes – IOBA0002344 |
For most retail customers crediting the Saraidhela 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 IOBA0002344
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 – SARAIDHELA is still mapped to IFSC IOBA0002344. 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 IOBA0002344 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Saraidhela branch is mapped to IFSC IOBA0002344 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 IOBA0002344.
Products and services
Customers walking into the Saraidhela 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 IOBA0002344
MICR & cheque-truncation details
Cheques drawn on the Saraidhela branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002344 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IOBA0002344
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SARAIDHELA 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 IOBA0002344 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 – SARAIDHELA:
- The IFSC is exactly IOBA0002344 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 SARAIDHELA 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 Saraidhela branch sits at WARD NO 28 MAIN ROAD SARAIDHELA DHANBAD JHARKHAND 828127. If you are travelling from outside Seraidhela, search for the branch on a maps application using the bank name and locality, or call 2222054 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 IOBA0002344 and your account number.
Verifying IFSC IOBA0002344 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 IOBA0002344 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2222054.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Saraidhela 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 IOBA0002344 continue to work without interruption.
Branch address & contact
Indian Overseas BankSaraidhela Branch
WARD NO 28 MAIN ROAD SARAIDHELA DHANBAD JHARKHAND 828127
Seraidhela, Jharkhand
Phone: 2222054
IFSC: IOBA0002344
Frequently asked questions
Is IFSC IOBA0002344 the same for all accounts at Saraidhela branch?
Yes. The IFSC IOBA0002344 is shared by every account held at Indian Overseas Bank's Saraidhela branch. Only the account number changes from customer to customer.
What is the IFSC code of Indian Overseas Bank Saraidhela branch?
The IFSC code of Indian Overseas Bank, Saraidhela branch is IOBA0002344. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
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 Saraidhela branch but serve different purposes.
What is the phone number of Indian Overseas Bank Saraidhela branch?
You can reach the branch at 2222054 during regular banking hours.
Can I use IFSC IOBA0002344 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002344 to send funds instantly.
Is IFSC IOBA0002344 valid for NEFT and RTGS?
Yes. IFSC IOBA0002344 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: IOBA0002344 is the IFSC code of Indian Overseas Bank, SARAIDHELA branch, in SERAIDHELA, JHARKHAND. 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.
