Indian Overseas Bank, PALANPUR, BANAS KANTHA Branch IFSC Code

The IFSC code IOBA0003216 is assigned to Indian Overseas Bank, PALANPUR located in BANAS KANTHA, GUJARAT. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

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Bank Details

Bank Name Indian Overseas Bank
IFSC Code IOBA0003216
Branch Code 003216
Branch PALANPUR
City BANAS KANTHA
District PALANPUR
State GUJARAT
Address HIGHWAY NEAR AROMA CIRCLE PALANPUR DIST GUJARAT 385001 Maps
Contact +914428584896

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

IOBA Bank Code
0 Reserved (0)
003216 Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code IOBA0003216 is the Indian Financial System Code assigned to Indian Overseas Bank, PALANPUR branch in BANAS KANTHA, GUJARAT. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in BANAS KANTHA, PALANPUR, GUJARAT. The full address is: HIGHWAY NEAR AROMA CIRCLE PALANPUR DIST GUJARAT 385001

The branch code is 003216. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Indian Overseas Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: IOBA0003216
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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