INDIAN OVERSEAS BANK IFSC Code – LALRU MANDI, LALRU
Complete bank details including IFSC code, MICR code, address and payment facilities for LALRU MANDI branch.
Bank Details
| Bank Name | INDIAN OVERSEAS BANK |
| Branch Name | LALRU MANDI |
| IFSC Code | IOBA0001503 |
| MICR Code | 160020017 |
| Address | DANA MANDI SHOP NO 4, LALRU MANDI, TEHASIL DERA BASSI, LALRU MANDI140501 |
| City | LALRU |
| District | PATIALA |
| State | PUNJAB |
| Contact | 274680 |
Payment Facilities
About IFSC Code IOBA0001503
The IFSC code IOBA0001503 uniquely identifies the LALRU MANDI branch of INDIAN OVERSEAS BANK located in LALRU, PUNJAB. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IOBA0001503
- First 4 characters (IOBA) – Represents INDIAN OVERSEAS BANK bank code assigned by RBI
- 5th character (0) – Reserved for future use (always 0)
- Last 6 characters (001503) – Unique branch identifier for LALRU MANDI
How to Use IFSC Code IOBA0001503
To transfer money to any account at INDIAN OVERSEAS BANK LALRU MANDI branch, you will need to provide the IFSC code IOBA0001503 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at LALRU MANDI
- NEFT (National Electronic Funds Transfer) – Settled in batches, available 24x7 on all days
- RTGS (Real Time Gross Settlement) – For high-value transactions (₹2 lakh and above), real-time transfer
- IMPS (Immediate Payment Service) – Instant transfer up to ₹5 lakh, available 24x7
- UPI (Unified Payments Interface) – Instant mobile payments using VPA/UPI ID
About INDIAN OVERSEAS BANK LALRU MANDI Branch
INDIAN OVERSEAS BANK LALRU MANDI is a branch of INDIAN OVERSEAS BANK located in LALRU, PUNJAB. The branch provides comprehensive banking services to customers in LALRU and surrounding areas.
Branch Address
DANA MANDI SHOP NO 4, LALRU MANDI, TEHASIL DERA BASSI, LALRU MANDI140501, LALRU, PUNJAB
Services Available
This branch offers various banking services including savings accounts, current accounts, fixed deposits, recurring deposits, loans, locker facilities, and digital banking services. Customers can also avail services like demand drafts, pay orders, and foreign exchange (subject to branch authorization).
MICR Code Information
The MICR (Magnetic Ink Character Recognition) code for this branch is 160020017. MICR code is a 9-digit code used for cheque clearing and identifies the bank, branch, and city. It is printed on cheques using magnetic ink for machine reading.
Important Information
Transfer Timings
- NEFT: 24x7, 365 days (Settled in half-hourly batches)
- RTGS: 24x7, 365 days (Real-time for ₹2L+)
- IMPS: 24x7, 365 days (Instant)
- UPI: 24x7, 365 days (Instant)
Verification Tips
- Always verify IFSC code before transferring money
- Cross-check with bank passbook or cheque book
- IFSC codes may change after bank mergers
- Contact branch for latest information
Frequently Asked Questions
What is the IFSC code of INDIAN OVERSEAS BANK LALRU MANDI?
The IFSC code of INDIAN OVERSEAS BANK LALRU MANDI branch in LALRU is IOBA0001503.
What is the MICR code of INDIAN OVERSEAS BANK LALRU MANDI?
The MICR code of INDIAN OVERSEAS BANK LALRU MANDI branch is 160020017.
What is the address of INDIAN OVERSEAS BANK LALRU MANDI?
INDIAN OVERSEAS BANK LALRU MANDI branch is located at DANA MANDI SHOP NO 4, LALRU MANDI, TEHASIL DERA BASSI, LALRU MANDI140501.
Does INDIAN OVERSEAS BANK LALRU MANDI support NEFT/RTGS/IMPS?
INDIAN OVERSEAS BANK LALRU MANDI branch supports NEFT, RTGS, IMPS, and UPI transactions.