Home  »  Banking  »  IFSC Code  »  Indian Overseas Bank

Find Indian Overseas Bank IFSC & MICR Code

Indian Overseas Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Indian Overseas Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'IOBA', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Indian Overseas Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Indian Overseas Bank branch. If you are looking for online IFSC Code of Indian Overseas Bank you can find here in Goodreturns.

State Wise Indian Overseas Bank IFSC & MICR Code

About Indian Overseas Bank

Indian Overseas Bank IFSC Code And Its Format

The IFSC (Indian Financial System Code) structure is a founder of the RBI to streamline and keep track of all transactions of domestic funds.

All branches of banks in India have been issued IFSC codes to conveniently define transactions made through a single branch. IFSC codes are 11-digit, alphanumeric codes that are exclusive to a single branch and do not repeat at all. By actively entering IFSC codes or MICR codes, money transfers can be made to a certain branch. These codes always allow users to confirm that, without any complications, the transferred funds go to the ultimate customer. All banks in India have been given separate codes by the Reserve Bank of India, and they mandate their use for all digital transactions and online fund transfer. It is necessary to determine an IFSC code as bearing three separate parts. The first four alphabets reflect the name of the bank that was assigned the code with. Then follows a zero, left for future application, which is normally a control character. The next six digits of the code reflect the particular Indian Overseas Bank branch but this is always specific. The last 6 digits change over branch to branch of the bank. To understand more deeply please follow the below given instance:

IFSC code of Indian Overseas Bank Angul, Bhubaneshwar Branch is IOBA0000966. This IFSC Code can be used for online transfers of funds across Indian Overseas Bank accounts via NEFT, RTGS and IMPS.          

  • The first letter ‘IOBA’ represents the name of the bank i.e. Indian Overseas Bank
  • The following figure ‘0’ is always kept for potential or future use
  • The last 6 digit ‘000966’ represents the respective branch of the bank i.e. Indian Overseas Bank Angul, Bhubaneshwar Branch as per the given example. 

How to find the correct Indian Overseas Bank IFSC code online?

If the bank's full name and the branch are known, IFSC codes can easily be acquired through both the online and offline modes. Users can easily locate MICR codes and IFSC codes printed on Indian Overseas Bank issued cheque books / leaves. The full list of IFSC codes available for customers is also listed on the official website of Reserve Bank of India. Either third-party financial portals or from the bank's website the best online medium to find the IFSC code of any bank branch of India. Goodreturns.in offers a detailed table for Indian Overseas Bank branches within India bearing IFSC codes. On a 24x7 basis, any customer visiting the Goodreturns site can easily and efficiently find the IFSC and MICR code of their bank branch. Follow the steps listed below to find the IFSC and MICR code of any branch of Indian Overseas Bank from your comfort.

  • Visit Goodreturns.in and click on the ‘Banking’ tab from the top menu bar of the site
  • Now under the drop-down menu of ‘Banking’ select ‘IFSC Code’
  • Now you need to select your bank as Indian Overseas Bank, state, city and branch from the drop-down menu
  • Once done click on the ‘Find Bank’ option and you will get the IFSC code of your branch along with the MICR code, contact number, branch address, name of the branch, branch code, etc.     

What Do You Mean By NEFT and RTGS Fund Transfer Services?

Online fund transfers can easily be made by IOB customers using NEFT or RTGS services, accessible on the bank's website or by reaching the neighbouring bank branch.

National Electronic Funds Transfer (NEFT)

National Electronic Funds Transfers (NEFT) are carried out in batches which have a particular timing under which the IOB settles the funds. This system operates on the basis of Deferred Net Settlements and is carried out on an hourly method. If the batch processing is within the specified time frame, the money is credited to the recipient on the same day or else on the next working day.

Real Time Gross Settlement System (RTGS)

Transfers are rendered on an individual account basis by the Real Time Gross Settlement System (RTGS), i.e. the confirmation of funds is scheduled one by one. The IOB clears up RTGS transactions during the current working day, as per the standing instructions set out. RTGS is one of the quickest possible modes for fund transfers which can be done on entirely secure and stable systems.

Specifics you need to render fund transfer by using any of the above method system:

  • Amount you need to transfer to the recipient
  • Bank account number of the recipient
  • Name of the bank in which the beneficiary is maintaining his or her account
  • Name of the beneficiary as per his or her bank account
  • IFSC code of the bank branch of the beneficiary

Ways to find Indian Overseas Bank IFSC and MICR Code

The IFSC plays a crucial part in transferring money from one account to another, and there are various ways of transferring funds using the IFSC code. Here are the forms where you can locate the IFSC and the bank's MICR code.

Indian Overseas Bank Cheque Book

Cheque Book is a bank-issued document that includes pre-printed papers with account checking specifics for the account holder or customers of the bank. The IFSC is printed on a cheque book at the top, while the MICR Code is placed at the bottom.

Indian Overseas Bank Passbook

The Passbook shows a set of banking activities or transactions made by the account holder. Hence, in the passbook issued by the Indian Overseas Bank, one can look for the IFSC and the MICR code respectively from the convenience of their home or office.

Indian Overseas Bank Net Banking or Mobile app

To access banking facilities through them, customers need to register with Indian Overseas Bank net banking or mobile banking application, including searching for IFSC and MICR codes.   

Specifics required to initiate fund transfer through NEFT, RTGS and IMPS using Indian Overseas Bank IFSC code

The IFSC plays an important role in transferring money from one account to another, and there are various methods of transferring funds using the IFSC code. Let us take a glance at India's most preferred payment solutions:

NEFT(National Electronic Fund Transfer)

  • NEFT is an electronic payment system established by the RBI nationally to simplify the transfer of funds between banks and their respective branches.
  • A customer of Indian Overseas Bank can transfer funds by signing in to the net banking platform or mobile banking application of Indian Overseas Bank using NEFT fund transfer mechanism
  • In order to carry out NEFT transactions, one must have the name, account number and IFSC code of both the sender and the recipient.    


  • RTGS is a fund transfer mechanism implemented by the RBI under which funds are transferred on a gross basis and in real time basis.
  • A customer of Indian Overseas Bank can transfer funds by signing in to the net banking gateway or mobile banking application of Indian Overseas Bank.
  • In order to carry out RTGS transactions, customers need to have the name, account number and IFSC code of both the sender and the recipient. 

IMPS (Immediate Payment System)

  • IMPS is an immediate fund transfer platform that runs 24 * 7 all year long.
  • This initiative was launched in 2010 by National Payments Corporation of India in the year 2010
  • You don’t need to register for IMPS manually, only log into the Indian Overseas Bank's net banking portal or mobile banking app and perform IMPS transactions.

Indian Overseas Bank MICR Code

The MICR Code of the Indian Overseas Bank is a 9-digit code that was introduced to make cheque processing smoother and quicker. The Indian Overseas Bank MICR Code is shaped in such a way that the city's name can be seen in the first 3 digits, the bank's code can be seen in the next 3 digits, and the branch name can be seen in the last 3 digits. 

For instance:

MICR Code of Ambala City, Haryana- 133020003

Here the first three digits ‘133’ represents the name of the city, the middle three digits ‘020’ represents the bank code and the last three digits ‘003’ represents the branch code.

By following below mentioned alternatives you can locate the Indian Overseas Bank MICR Code

Indian Overseas Bank Cheque Book: Indian Overseas Bank MICR can be found printed on the Cheque Leaf of the bank.

Indian Overseas Bank Passbook: Indian Overseas Bank MICR Code can also be found at the passbook issued to you by the bank at the time account opening.

Indian Overseas Bank Net banking: By logging in into your Indian Overseas Bank net banking account you can easily the MICR code of your particular bank branch.

Indian Overseas Bank Mobile Banking: Another method that can be used to get the bank's MICR code is Indian Overseas Bank mobile banking app. 

Indian Overseas Bank Immediate Payment Service

One of the simplest and fastest ways to transfer funds from one account to another is to use IMPS or Immediate Payment Service. IMPS is an instant electronic fund processing facility for interbank which millions of individuals around the nation can use to transfer money. In IMPS transfers, funds are transferred instantly, unlike NEFT transfers, irrespective of the bank’s working hours and holidays. Indian Overseas Bank is among the country's top banks that provides its customers with IMPS service. If you are a customer of the Indian Overseas Bank searching for details about their IMPS facilities, just scroll your mouse to read more.

Eligibility required for using IMPS fund transfer service

All account holders of Indian Overseas Bank can choose for the IMPS facility. To experience this service, customers must register their mobile number with the Indian Overseas Bank. Other eligibility requirements for using the IMPS fund transfer service are:

  • Customers must have their primary account linked with a legitimate MMID.
  • To allow a transfer from one account to another, you must have an MPIN.

Key benefits of Indian Overseas Bank IMPS fund transfer service

  • Friendly and cost-free fund transfer option for the users
  • Instant transfer of funds to the account of the recipient.
  • 24x7x365 service
  • It can also be used on bank holidays.
  • This service can be used after the banking hours also
  • IMPS can be used by any customer with a bank account.
  • You can add/link more than one bank account with multiple MMIDs to the same mobile number.
  • It saves a great deal of time as the beneficiary immediately receives the money.
  • For transactions up to Rs.1 lakh and Rs.15 for transactions between Rs.1 lakh and Rs.2 lakh, charges applicable is Rs.5
  • 24/7 customer support facility for all customers of the Indian Overseas Bank.
  • Customers can pay utility bills, DTH top-up, pay credit card bills, pay educational fees, buy travel tickets and groceries using the IMPS service.
  • This service is only available for mobile banking and net banking customers
  • Confirmation updates will be sent both to the sender and the receiver.
  • For this facility, there are currently no fees imposed.
  • Using the IMPS fund transfer facility, customers can transfer up to Rs.50,000.
  • To trigger a transfer, customers can use their Mobile Money Identifier (MMID), their mobile number, or their bank account number and bank IFSC code.
  • This service can be used on all types of mobile device such as Android, Windows and IOS

How to transfer funds via Indian Overseas Bank IMPS method?

To transfer funds using the IMPS transfer facility, please follow any of the following options:

Via Internet Banking

  • Visit Indian Overseas Bank net banking page and sign in to your account using the required credentials i.e. username and password
  • Now head to the “Fund Transfer” section and opt ‘IMPS Funds Transfer’
  • Please pick the beneficiary to whom you want to send the funds from the drop-down list of the beneficiaries.
  • Now enter the amount that you are willing to transfer and confirm the same
  • You will receive confirmation from the bank via SMS and email once the transfer is successful.

Via Mobile Banking

  • Install the Indian Overseas Bank Applicable on your mobile
  • Sign in to the Indian Overseas Bank mobile banking app using your credentials and select the ‘Fund Transfer’ option
  • Now tap on  ‘Other Bank using IMPS’ option and select ‘Using IFSC/AC No.’ to transfer funds using IFSC code.
  • Now select the beneficiary to whom you want to transfer fund and enter the amount
  • Place remarks if you want and confirm the transaction
  • Once the transaction has completed, you will get a confirmation message for the transaction immediately.

Specifics required of the beneficiary while initiating fund transfer

  • To transfer funds using the Indian Overseas Bank IMPS platform, you will need the details listed below:
  • Bank account number and bank branch IFSC code of the beneficiary
  • Mobile number of the beneficiary
  • MMID (Mobile Money Identifier) of the beneficiary
  • IFSC Code of the beneficiary’s bank branch

Indian Overseas Bank NEFT

Indian Overseas Bank (IOB) provides multiple transfer options of funds, including facilities for National Electronic Funds Transfer (NEFT). NEFT is a simple, hassle-free and secure way for one bank account to transfer money to another. This is done electronically through a wire transfer system and is supervised by the Reserve Bank of India (RBI). All IOB customers can benefit from NEFT services via internet banking or mobile banking. It is necessary to provide the recipient's account details such as name, IFSC code and bank branch information in order to implement a NEFT transaction. 

Steps to transfer funds via NEFT from IOB Bank to another bank

  • Visit IOB website and sign in to your net banking account using the required credentials i.e. Username and password.
  • Now select ‘Remittances’ and  then click on  Fund Transfer’
  • Now select the ‘Other Bank-NEFT’ option and click on ‘Proceed’
  • Now enter the specifics such as  ‘Pay from’, Transfer amount to’, ‘sender information’ and ‘amount to be transferred’
  • Now click on ‘Proceed’ and enter ‘Transfer Pin’ and select the ‘Transfer Funds’ option
  • Now you will get an OTP on your registered mobile number, enter the OTP on the space provided and confirm the same.
  • Once you are done the transaction will be processed      

Steps to register a beneficiary in IOB

  •  Visit IOB website and sign in to your net banking account using username and password
  • Head to the  ‘Remittances’ tab and choose ‘Add Payee’
  • Now click on the ‘Other Bank Account’ option
  • Fill in the specifics of the payee / beneficiary, such as name , address, type of account, account number, IFSC code. Once the specifics are filled out, click on 'Confirm'
  • Now an OTP will be delivered on your registered mobile number
  • Verify by the OTP and click ‘Approve Payee’. 
  • The process will take 24 hrs in order to add the payee successfully.

Steps to pay credit card bills via IOB NEFT

  • Sign in to your IOB net banking account
  • Now add your credit card as a beneficiary
  • Head to the fund transfer tab and choose NEFT
  • Now fill in the required details such as Name of the destination bank, Name of the destination branch, Destination Account Number (16-digit credit card number), Transaction code and IFSC Code
  • Verify and confirm the details and click on ‘Submit’
  • Once you are done you will get a successful confirmation message for the same on your registered mobile number via SMS by the bank.

Indian Overseas Bank NEFT Charges

For all Indian Overseas Bank NEFT transactions, please be aware that GST charges may be imposed. Also, please bear in mind that with each transaction carried out, the below listed charges are applicable.

  • For an amount up to Rs.5,000: Rs 25
  • Above Rs.5,000 to Rs.10,000: Rs 60
  • Above Rs.10,000 to Rs.1 lakh: Rs.5 per Rs.1000
  • Above Rs.2 lakh: Rs.4.5 per Rs.1000

Indian Overseas Bank NEFT Timing

During the bank's operating hours from Monday to Saturday, all Indian Overseas Bank NEFT transfers are handled. On bank holidays, NEFT services will not be accessible. Please also remember that, as it is a holiday, NEFT transactions can not be done on the 2nd and 4th Saturdays of the month.

  • Monday to Friday: from 9.00 a.m. to 7.00 p.m. 
  • Saturday: from 9.00 a.m. to 1.00 p.m.

Key pros of Indian Overseas Bank NEFT

  • In contrast to other forms of fund transfer methods, there is no threat involved in this type of money transfer mechanism.
  • This is a very secure service for fund transfer, and in case of any bugs, there is no risk of making a failure or losing out on the money.
  • NEFT is assisted by the Reserve Bank of India (RBI) and hence provides its customers with a guarantee at any point of the transfer.
  • If funds are not credited due to technical complications of any kind, the bank will immediately deposit them back to the account of the account holder. Normally, this is performed within a 24-hour period.       

Indian Overseas Bank NEFT Form

Indian Overseas Bank (IOB) offers the NEFT service to its customers. By filling out the IOB NEFT Form, customers can use this service either online or offline. The IOB NEFT form can be downloaded online by customers. This will allow account holders to visit the bank branch to make use of the IOB NEFT facility. Customers can render cash deposits of up to Rs.50,000/- only during offline transactions through the use of the NEFT facility.

By providing the following details, customers can fill out the IOB NEFT form online:

  • Name, account number, IFSC code of the recipient.
  • Account type of the recipient
  • Name, account number and IFSC code of the sender
  • Select NEFT as the fund transfer mode
  • Amount to be transferred


Customers can fill out the offline IOB NEFT form by specifying the below-listed details:

  • Name, account number and IFSC code of the sender
  • Account type of the beneficiary
  • Name, account number, IFSC code of the beneficiary
  • Amount to be transferred
  • Account type of the remitter

Indian Overseas Bank RTGS Form

A significantly faster and hassle-free online money transfer mechanism is Real Time Gross Settlement (RTGS). Although Real Time pertains to the live transfer of money, "Gross Settlement" refers to the individual transfer of funds and not in hourly schedules such as NEFT. By having a single IOB RTGS form to trigger the transfer, the bank has made RTGS transactions easier. The IOB RTGS form can also be downloaded by an applicant by visiting the official site of Indian Overseas Bank. 

How to fill Indian Overseas Bank RTGS form?

Rs 2 lakhs per day is the minimum amount that can be transferred by RTGS; the maximum relies on whether the transaction is performed electronically or through the branch of the bank. The specifics that need to be addressed in the IOB RTGS form are as follows:

  • IOB branch name and branch code
  • Name and other required details of the sender
  • Name of the bank and branch address of the beneficiary
  • Account type (savings, current or credit card) of the beneficiary
  • Account number, IFSC code and mobile number of the beneficiary
  • Transfer type i.e. through cash, cheque, or directly from the bank account.
  • Cheque number is required if the transfer has made through cheque
  • Account number is required if the transfer has made using bank account
  • Amount to be transferred

Indian Overseas Bank IMPS Charges

You have the ease of using net banking and mobile banking facilities for various transactions with the Indian Overseas Bank, including online money transfers and bill payments. They can use IMPS services provided by Indian Overseas Bank to all account holders for those who are on the go and need immediate fund transfer alternatives. Every account holder should however be mindful of the IOB IMPS charges applicable to a successful transfer.

IOB IMPS Charges

There is a fee on any deal made with IMPS. These fees, regardless of the amount you transfer, are normal and are paid per transaction. For IOB, the charges applicable for IMPS are the following:

  • For transaction amount up to Rs.10000: Rs.2.50
  • Above Rs.10000 to Rs.1 lakh: Rs.5
  • Above Rs.1 lakh up to Rs.2 lakh: Rs.15

What do you mean by IMPS?

IMPS or Immediate Payment Service is applicable to all legitimate Indian Overseas Bank account holders as a real-time fund transfer service. This is the quickest option open to you for the transfer of funds, enabling you to transfer funds to the recipient within 30 minutes from making the transaction. To transfer funds to individual accounts, retailers, pay your credit card bill, shop online, respectively., you can use IOB IMPS services. This is a service which is available at Indian Overseas Bank only via net banking and online banking accounts. You need to make sure that you enroll your account for net banking or download the IOB mobile banking application to access your login information in order to use IMPS. 

The IOB IMPS service offers many advantages and functionality that make it one of the most common transaction methods for IOB account holders. The advantages of using IOB IMPS are:

  • Even on bank holidays, it is a 24/7 service you have access to.
  • Up to Rs.2 lakh can be conveniently transferred to any beneficiary of your preference within a matter of seconds.
  • You can use IMPS, in addition to making individual transactions, also for water bill payments and cover any outstanding bills of your credit card.
  • IOB IMPS for making transfers comes with affordable charges.

Procedure to get an MMID

A unique seven-digit number called the Mobile Money Identifier or MMID, will be issued to each account registered for mobile banking. You can receive the MMID via SMS as soon as you register for mobile banking. To make transactions on your mobile phone, you can sign up for mobile banking online, at the ATM or at the nearest Indian Overseas Bank Branch.

Procedure to use IOB IMPS

For those who choose to use IOB IMPS services, there are two alternatives available:

Via Net Banking

  • Sign in to your IOB net banking account and under the Funds Transfer section, click on IMPS
  • Now enter the required details of the beneficiary i.e. MMID and mobile number or the IFSC Code and the account number.
  • Click on ‘Confirm’ and you are done.   

How to generate Indian Overseas Bank MMID through SMS?

Indian Overseas Bank provides its customers with the SMS banking service, which enables them to reach their account from offline mode, so customers can use SMS to get the latest updated details of their account. If you have disrupted your internet connection and are unable to visit the net banking site of Indian Overseas Bank, you can use the SMS service, and this is a safe procedure that only needs to be followed with your registered mobile number. Hence, customers who want to use this SMS service need to have their active mobile number linked to their Indian Overseas Bank Account, and in this column for Indian Overseas Bank customers, we offer you specific details about SMS banking. 

How to activate IOB SMS Banking?

  • Customers need to follow the below-stated steps to enable the IOB SMS banking service.
  • Visit your nearest Indian Overseas Bank branch and fill the mobile number registration form.
  • Specify all the required details correctly and submit the form at the bank,
  • The SMS banking service will be activated in your mobile number in a week or less, and a confirmation SMS will also be sent to your registered mobile number as well.

For Balance Enquiry: Type BAL followed by your last 4 digit account number and send it to 8424022122.

For mini statement: Type MINI followed by your last 4 digit account number and send it to 8424022122.

For MMID: Type MMID and send it to 8424022122.   

How to add a beneficiary in Indian Overseas Bank account using net banking?

One of the main public sector banks is the Indian Overseas Bank. It is headquartered in Tamil Nadu, Chennai, and is operated by the Government of India. IOB was established in 1937 and has been nationalised since 1969. Also in overseas nations, it has branches, but the main activities are in India. Indian Overseas Bank offers a range of services and users of internet banking, mobile banking and debit cards have now evolved. Without reaching a bank, customers can check account balance, pay energy bills, transfer funds and many more. To allow net banking, paying anyone means you have to add Payee/Beneficiary. Users seeking to add a beneficiary must add the beneficiary's account details to their account before they are eligible to transfer money. The measures for adding beneficiaries to your account are as follows:

Indian Overseas Bank Account: This is the method of adding a beneficiary to an IOB account and receiving the consent of the beneficiary from the home branch in order to transfer funds. Follow the below-listed steps for the same:

  • Visit https://www.iobnet.co.in/ibanking/login.do and sign in to your net banking account using the required credentials i.e. Username and Password.
  • Head to the ‘remittances‘ from IOB internet banking page and click on ‘add payee‘ option and select ‘IOB account‘, from the left page.
  • In order to add payee from another bank fill the required details Name and Account Number of the Beneficiary and click on ‘continue‘.
  • Now you will get an OTP on your registered number, verify the OTP and confirm the addition of the Payee by clicking on the on ‘approve Payee‘ option.
  • It takes one working day for this operation. You can transfer funds any day, any time, after receiving authorization of the beneficiary.  

Indian Overseas Bank Timings

Indian Overseas Bank is a large bank in the public sector that provides retail and corporate customers with financial and banking services. Indian Overseas Bank timetables must be known to customers who plan to visit the bank to do transactions. Indian Overseas Bank has resumed its activities for customers after the lockdown due to COVID. Every day except 2nd & 4th Saturday and bank holidays, all branches will remain open from 10:00 AM to 4:00 PM. In order to reduce the uncertainties caused by the outbreak of Coronavirus in India, the bank also provides sensible precautions and emergency loans. All banking facilities are now accessible at the bank, such as the updating and issuing of passbooks, account opening, deposit and withdrawal of cash, cheque clearance, money transfers and government transactions, and note exchange services. It is recommended that customers entering the branch offices take the requisite precautions mentioned below.

  • Without a face mask, customers will not be allowed to access the bank.
  • Social distancing outside and inside the bank must be maintained
  • Prior to and after leaving the premises, customers must thoroughly sanitise their hands.
  • It is necessary to manage proper waits
  • Unless completely necessary, customers must not visit the bank,
  • The bank customers, unless completely necessary, are suggested to use IOB Mobile Banking and not to visit the branch offices.     

Working hours at Indian Overseas Bank

One of the leading players in the public banking sector is the Indian Overseas Bank. With around 3400 branches, it is a Chennai-based bank. It has expanded its international branches as well. As per the new technological advancements and amenities, Indian Overseas Bank has updated its banking services. If you're willing to open an IOB account, you need to know the scheduling of the bank, it's working hours, lunch schedule and holidays. It is vital for each account holder to know about the timelines so that they never have to waste their time standing in long queues at the branch. 

  • Working hour of Indian Overseas Bank is 10 AM to 4 PM.
  • Business hours of the bank is start from 10 AM and the bank close in 4 PM
  • Lunch timing of Indian Overseas Bank is 2:00 PM to 2:30 PM. (may vary from branch to branch).
  • The routine is practised on all working days from Monday to Friday along with the first and third Saturdays across the country.
  • As per the latest rules, every second and fourth Saturday of the month is a holiday.
  • If a month has a fifth Saturday, it is treated as a working day.
  • On all national holidays, the branches remain closed across the country.
  • The banks remain closed on local holidays, in addition to Sundays and national holidays respectively.

How to transfer funds from IOB to IOB and other bank accounts online?

Indian Overseas Bank (IOB) is a major bank of India headquartered in Chennai (Madras). Indian Overseas Bank has an ISO-certified in-house information technology department that has established the application to provide its customers with online banking facilities. This bank has achieved 100 percent networking status and there are almost 2500 ATMs throughout India. Mobile banking is also provided by IOB. It's very beneficial to have a net banking facility. It facilitates the quick transfer of money from your account to any other account. Money can be transferred to the same branch of the bank or to another branch of the bank or even another bank but providing accurate information, however, is important, such as the name of the account holder, bank branch and IFSC code. You must add all these details to add a beneficiary if you are making fund transfer for the first time. You can log in with your ID and password to start with, go to select remittances and enter the required details of the payee correctly.

You must enter the payee's specifics, such as the address, name, account number, account type and the other bank's IFSC code, once done click on ‘Submit’. You get an OTP on your registered mobile number, authenticate the same and click on the Approve Payee' option.   

 If the payee is already added, the transfer of money from IOB to another online bank is conveniently possible. This method can be used to transfer money from IOB to SBI, PNB, Canara, Bank of India, Bank of Baroda, Axis, ICICI, HDFC and any other Indian bank. You should follow the following steps if you are willing to do the same:

  • Visit https://www.iobnet.co.in/ibanking/login.do and sign in to your net banking account using username and password.
  • Now select ‘Remittances‘ from the top menu and click the ‘Funds Transfer‘ option.
  • Now select the ‘other bank – Neft‘ and click on ‘proceed‘ button
  • Now enter the required details and click on ‘Proceed’
  • Now enter ‘transfer pin‘ and click on ‘transfer funds‘
  • You will receive a one-time pin on your registered mobile number after this. Enter the OTP and complete the transaction    






Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X