Indian Overseas Bank Samatha Nagar Ongole IFSC Code
Indian Overseas Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · This branch may not process cheques.
Branch
Samatha Nagar Ongole
Address
Plot No 160 By 1 Beside St Xaviers School Kurnool Road Ongole,prakasam District Pincode 523002 A P
View on Google MapsDistrict
Ongole
State
Andhra Pradesh
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Other Indian Overseas Bank Branches in Ongole
2 nearby branches — click to view IFSC
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349 By 1 By 37, G N T Road, Ongole Pin 523001
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7/331(19), Vakph Board Colony, Revenue Ward No.34, Ongole, Mangamuru Road, Ongole, District - Prakasam, Andhra Pradesh - 523002
Frequently Asked Questions
About Indian Overseas Bank Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401), Ongole
The IFSC code IOBA0002401 (lowercase: ioba0002401) belongs to Indian Overseas Bank, specifically the Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401) branch located in Ongole, Andhra Pradesh.
The 5th character in the IFSC code IOBA0002401 is a zero (0), not the letter 'O'. The correct format is IOBA0002401 (lowercase: ioba0002401), and not IOBAO002401. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Indian Overseas Bank Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401) in Ongole, Andhra Pradesh is IOBA0002401. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Indian Overseas Bank Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401) is located at Plot No 160 By 1 Beside St Xaviers School Kurnool Road Ongole,prakasam District Pincode 523002 A P, Ongole, Andhra Pradesh. You can click the "View on Google Maps" button on this page to get directions.
The MICR code for Indian Overseas Bank Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401) in Ongole is printed at the bottom of your cheque leaf. If you cannot locate it, contact your branch directly or check your passbook.
Yes. IFSC code IOBA0002401 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code IOBA0002401 by checking: (1) The top-left corner of any Indian Overseas Bank Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401) cheque leaf, (2) The first page of your Indian Overseas Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: IOBA0002401
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
IOBA0002401
What Each Part Means
- Bank Code — IOBA
- The first 4 characters uniquely identify Indian Overseas Bank at the national level. Every branch of Indian Overseas Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 002401
- The final 6 characters 002401 uniquely identify this specific branch within the Indian Overseas Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | IOBA | Identifies Indian Overseas Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 002401 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Indian Overseas Bank
Samatha Nagar Ongole (school Kurnool Road Ongole P - 2401), Ongole, Andhra Pradesh
Cheque No.
00002401
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | IOBA0002401 | Not available |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.