Indian Overseas Bank — SHAHDARA Branch
DELHI, DELHI | IFSC: IOBA0003975
About Indian Overseas Bank — SHAHDARA Branch
Indian Overseas Bank SHAHDARA branch is located in DELHI, DELHI district, DELHI. The IFSC code for this branch is IOBA0003975. This code is essential for all electronic fund transfers including NEFT, RTGS, and IMPS transactions. Whether you are sending money online, setting up auto-pay mandates, or linking your bank account to UPI apps, you will need this IFSC code.
What is IFSC Code?
IFSC (Indian Financial System Code) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in electronic funds transfer. The first four characters (IOBA) identify Indian Overseas Bank, the fifth character is always 0 (reserved for future use), and the last six characters (003975) uniquely identify the SHAHDARA branch.
This code was introduced by RBI to facilitate electronic payment systems and is mandatory for NEFT, RTGS, and IMPS transactions across India.
How to Use IFSC Code IOBA0003975
NEFT Transfer
Use IFSC code IOBA0003975 to send money via NEFT (National Electronic Funds Transfer). NEFT operates in half-hourly batches 24×7 since December 2019. There is no minimum or maximum transaction limit. Funds are typically credited within 2 hours.
RTGS Transfer
For high-value transfers above ₹2 lakh, use RTGS (Real Time Gross Settlement) with this IFSC code. RTGS provides real-time settlement and operates from 7:00 AM to 6:00 PM on working days. The minimum amount is ₹2 lakh with no upper limit.
IMPS Transfer
IMPS (Immediate Payment Service) allows instant 24×7×365 money transfers using IFSC code IOBA0003975. The current transaction limit is ₹5 lakh per transaction, making it ideal for urgent payments.
UPI Payments
While UPI uses VPA (Virtual Payment Address) for transactions, the underlying bank account linked to your UPI ID is associated with this branch and its IFSC code IOBA0003975. You can find your IFSC code in your UPI app under account details.
Banking Services at SHAHDARA Branch
Indian Overseas Bank SHAHDARA branch typically offers a comprehensive range of banking services: savings and current accounts, fixed deposits (FD), recurring deposits (RD), home loans, personal loans, vehicle loans, education loans, credit and debit cards, internet banking, mobile banking, safe deposit lockers, foreign exchange services, insurance products, and investment advisory services.
Most Indian Overseas Bank branches operate from Monday to Saturday (except 2nd and 4th Saturday). Working hours are generally 10:00 AM to 4:00 PM, though this may vary by location.
Indian Overseas Bank in DELHI, DELHI
The SHAHDARA branch serves customers in DELHI and the wider DELHI district of DELHI. As one of India's leading banks, Indian Overseas Bank maintains a strong presence across DELHI with multiple branches and ATMs to serve millions of customers.
Frequently Asked Questions
The IFSC code of Indian Overseas Bank SHAHDARA branch is IOBA0003975. This code is verified against RBI records and is used for NEFT, RTGS, and IMPS transactions.
Indian Overseas Bank SHAHDARA branch is located in DELHI, DELHI, DELHI.
The MICR code of Indian Overseas Bank SHAHDARA branch is not available. MICR codes are used for cheque processing.
You can use IFSC code IOBA0003975 for NEFT, RTGS, or IMPS transfers. Log into your net banking, select fund transfer, enter the beneficiary account number, and use IOBA0003975 as the IFSC code.
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