Use this page as a one-stop reference for everything related to Indian Overseas Bank's TARAOD branch in TAROD, CHATTISGARH. The branch's IFSC code IOBA0002573 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, IOBA0002573 is the IFSC of Indian Overseas Bank's TARAOD branch. The format is fixed: IOBA = bank code, 0 = reserved, 002573 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Taraod |
| IFSC Code | IOBA0002573 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552 |
| City | Tarod |
| District | Janjgirchampa |
| State | Chattisgarh |
| STD Code | 7817 |
| Phone | 267701 |
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Taraod branch — IFSC IOBA0002573 — extends the bank's services to customers in and around Tarod, Chattisgarh.
About this branch
The branch is located at MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552. It serves the Tarod 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 IOBA0002573 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 TARAOD branch came to be assigned the code IOBA0002573.
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 IOBA0002573, money simply cannot be routed to the TARAOD branch electronically.
How to transfer money using IFSC IOBA0002573
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 IOBA0002573 across all three.
NEFT to Indian Overseas Bank, TARAOD using IFSC IOBA0002573
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 IOBA0002573, and confirm that the system picks up Indian Overseas Bank – TARAOD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to TARAOD
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's TARAOD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002573 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank TARAOD (IFSC IOBA0002573)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002573 in your mobile or internet banking app, and the money is credited to the TARAOD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002573 for Indian Overseas Bank – TARAOD, 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 – IOBA0002573 | Yes – IOBA0002573 | Yes – IOBA0002573 |
For most retail customers crediting the Taraod 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 IOBA0002573
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 – TARAOD is still mapped to IFSC IOBA0002573. 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 IOBA0002573 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Taraod branch is mapped to IFSC IOBA0002573 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 IOBA0002573.
Products and services
Customers walking into the Taraod 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 IOBA0002573
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 IOBA0002573 and the account number together uniquely identify the Taraod branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0002573
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the TARAOD 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 IOBA0002573 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 – TARAOD:
- The IFSC is exactly IOBA0002573 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 TARAOD 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 Taraod branch sits at MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552. If you are travelling from outside Tarod, search for the branch on a maps application using the bank name and locality, or call 7817-267701 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 IOBA0002573 and your account number.
Verifying IFSC IOBA0002573 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 IOBA0002573 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 7817-267701.
- Visiting the bank's official branch locator page.
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 Taraod branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002573, however, work 24x7.
Branch address & contact
Indian Overseas BankTaraod Branch
MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552
Tarod, Chattisgarh
Phone: 7817-267701
IFSC: IOBA0002573
Frequently asked questions
Can I use IFSC IOBA0002573 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002573 to send funds instantly.
Is IFSC IOBA0002573 the same for all accounts at Taraod branch?
Yes. The IFSC IOBA0002573 is shared by every account held at Indian Overseas Bank's Taraod branch. Only the account number changes from customer to customer.
Is IFSC IOBA0002573 valid for NEFT and RTGS?
Yes. IFSC IOBA0002573 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Indian Overseas Bank Taraod branch located?
Indian Overseas Bank's Taraod branch is located at MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552, Tarod, Chattisgarh.
Does Indian Overseas Bank Taraod branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 7817-267701 to confirm.
How quickly will an NEFT transfer using IOBA0002573 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Taraod reflect within 30 minutes.
What is the phone number of Indian Overseas Bank Taraod branch?
You can reach the branch at 7817-267701 during regular banking hours.
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 Taraod branch but serve different purposes.
Summary
The IFSC code IOBA0002573 belongs to Indian Overseas Bank's TARAOD branch, located at MAIN ROAD,TARAOD CHOWK,TEHSIL AKALTARA,JANGIR CHAMPA DIST.,CHATTISGARH 495552 in TAROD, CHATTISGARH. 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.
