IFSC Code of Indian Overseas Bank, Specialized Asset Recovery Mangement Branch Branch, Andhra Pradesh

This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH branch in VISAKHAPATNAM. The 11-digit IFSC IOBA0002579 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 SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH 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 – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH is IOBA0002579. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002579 map to this branch in VISAKHAPATNAM, ANDHRA PRADESH.

Bank profile

Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Specialized Asset Recovery Mangement Branch branch — IFSC IOBA0002579 — extends the bank's services to customers in and around Visakhapatnam, Andhra Pradesh.

Branch details at a glance

About this branch

The branch is located at 48-14-111,3RD FLOOR, SRI NITHYA COMPLEX RAMA TALKIES ROAD, VISAKHAPATNAM, ANDHRA PRADESH - 530017. It serves the Visakhapatnam 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 IOBA0002579 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 SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002579 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 IOBA0002579 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 Specialized Asset Recovery Mangement Branch branch

Once you have an account at Indian Overseas Bank – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH, the IFSC IOBA0002579 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 Specialized Asset Recovery Mangement Branch branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 891-8925952579.

• 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 IOBA0002579

How to transfer money using IFSC IOBA0002579

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 IOBA0002579 across all three.

How to use IFSC IOBA0002579 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IOBA0002579.
4. Confirm the bank name auto-populates as Indian Overseas Bank and the branch as SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC IOBA0002579

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 – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH, ensure your bank's portal accepts IFSC IOBA0002579 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Indian Overseas Bank SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH (IFSC IOBA0002579)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002579 in your mobile or internet banking app, and the money is credited to the SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Specialized Asset Recovery Mangement Branch

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IOBA0002579:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH is still linked to IFSC IOBA0002579.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC IOBA0002579

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 – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH is still mapped to IFSC IOBA0002579. 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 IOBA0002579 and the beneficiary's account number to complete the transfer.

Online banking and IFSC IOBA0002579

Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH 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 IOBA0002579 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 IOBA0002579 and the account number together uniquely identify the Specialized Asset Recovery Mangement Branch 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 IOBA0002579

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 – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH, 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: IOBA0002579.
• 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 Specialized Asset Recovery Mangement Branch branch

The branch is located at 48-14-111,3RD FLOOR, SRI NITHYA COMPLEX RAMA TALKIES ROAD, VISAKHAPATNAM, ANDHRA PRADESH - 530017, which puts it inside Visakhapatnam, the broader Visakhapatnam district, and the state of Andhra Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Overseas Bank Specialized Asset Recovery Mangement Branch branch” — the verified location pin for IFSC IOBA0002579 should appear at the top of the results.
2. Confirm the branch is open by calling 891-8925952579 before stepping out, especially around public holidays.
3. 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 IOBA0002579 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IOBA0002579 for Indian Overseas Bank – SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH, 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.

Working hours

Branch counters at Specialized Asset Recovery Mangement Branch 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 IOBA0002579 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code IOBA0002579 belongs to Indian Overseas Bank's SPECIALIZED ASSET RECOVERY MANGEMENT BRANCH branch, located at 48-14-111,3RD FLOOR, SRI NITHYA COMPLEX RAMA TALKIES ROAD, VISAKHAPATNAM,… in VISAKHAPATNAM, ANDHRA PRADESH. 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.