IFSC and MICR Code for Indian Overseas Bank , Ludhiana, Punjab

Get IFSC and MICR code of Indian Overseas Bank, Ludhiana, Punjab along with the address and contact numbers

Locate any details of banks branch in India

IFSC Details

IFSC CODE

IOBA0000575

(used for RtGS and NEFT transactions)

MICR CODE

141020522

Bank INDIAN OVERSEAS BANK
Address CHAKOHI VILLAGE , EHSIL KHANNA , HAKOHI PIN 141401
District LUDHIANA
State PUNJAB
Branch CHAKOHI
Phone number 281035

IFSC Code:IOBA0000575 and MICR code: 141020522 for Indian Overseas Bank located at CHAKOHI VILLAGE , EHSIL KHANNA , HAKOHI PIN 141401 , Contact number 281035 .Timings: Monday to Friday: 10 AM to 4 PM, Saturday - 10 AM to 4 PM(Except 2nd and 4th Saturday).

How to Search for Indian Overseas Bank & MICR Codes?

  • You can find the IFSC and MICR codes for any Indian Overseas Bank branch printed on the cheque books issued by the bank. Each cheque book has the IFSC code of the branch from where it has been issued.
  • You can find the IFSC or MICR CODE for any branch of Indian Overseas Bank via IndiaLends which provides information in a very easy format. All you have to do provide the information such as the bank name, the state and district and the particular branch that you’re looking for. Once you’ve provided that information, the page will immediately display the IFSC and MICR code for the bank that you’ve chosen, along with other relevant information like the address and contact details of the bank.

How do transfer funds using Indian Overseas Bank Limited RTGS & NEFT

Indian Overseas Bank customers can transfer fund using National Electronic Funds Transfer (NEFT), Real Time Gross Settlement System (RTGS) as well as IMPS platforms. You can use either of these facilities to send money across different banks, different accounts, different states and different cities.

Real Time Gross Settlement System (RTGS):

RTGS funds transfer can be used to send amounts of Rs. 1 lakh and above. You can go RTGS transfer through net banking or by walking into any of the branches. You must fill up a Fund Transfer Instruction form which is available at the Indian Overseas Bank. You need to provide the following information.

  • Name of the recipient
  • Account number and type of account of the recipient
  • Bank Name, branch, IFSC code of the recipient
  • Transfer amount
  • Remark to the receiver

RTGS is available for customers to use on weekdays and Saturdays. It will not be available on Sundays and National holidays.

Fees & Charges for RTGS Transaction by Indian Overseas Bank :

Amount Charge(per transaction, excluding taxes)
INR 2 lakh(Minimum Amount)
Sum between INR 2 lakh to INR 5 lakh INR 25
+ Applied Taxes
Sum betwwen INR 5 lakh to INR 10 lakh INR 50
+ Applied Taxes

National Electronic Funds Transfer (NEFT)

NEFT can be used to transfer smaller amounts of money that do not exceed Rs. 99,999. To use this platform, customers can follow the same procedure as stated for RTGS. Fill up the Fund Transfer Instruction form available at the bank. You will need to furnish the information given below.

  • Name of the recipient
  • Account number and type of account of the recipient
  • Bank name, branch, IFSC code of the recipient
  • Transfer amount
  • Remark to the receiver

Fees & Charges for NEFT Transaction by Indian Overseas Bank :

Transaction Charges NEFT
Cash up to INR 10,000 INR 2,50 + Applied Taxes
Sum between INR 10,000 and INR 1 lakh INR 5 + Applied Taxes
Sum between INR 1 lakh and INR 2 lakh INR 15 + Applied Taxes
Sum between INR 2 lakh and INR 5 lakh INR 25 + Applied Taxes
Sum between INR 5 lakh and INR 10 lakh INR 25 + Applied Taxes

NEFT Transaction timings specified by Indian Overseas Bank:

Transaction Timings NEFT
All days except Sundays, 2nd and 4th Saturdays 8:00 AM to 6:30 PM

About Indian Overseas Bank

Indian Overseas Bank (IOB) is a major public sector bank based in Chennai (Madras). It has approximately 3400 domestic branches, including 1150 branches in Tamil Nadu, 3 extension counters, and eight branches and offices overseas as of the year 2017. IOB also has an ISO certified in-house Information Technology department.This department developed the software that its branches used to provide online banking to customers. It has achieved 100% networking status as well as 100% CBS status for its branches. IOB has a network of about 3300 ATMs all over India. IOB branches are located in Singapore, Colombo, Seoul, and Bangkok. The representative offices of this bank are present in Guangzhou, Vietnam, and Dubai. IOB also is part-owner of a joint-venture bank in Malaysia.

Other IFSC related articles: