INDIAN OVERSEAS BANK IFSC Code – AGALAKOTE, MAGADI
Complete bank details including IFSC code, MICR code, address and payment facilities for AGALAKOTE branch.
Bank Details
| Bank Name | INDIAN OVERSEAS BANK |
| Branch Name | AGALAKOTE |
| IFSC Code | IOBA0003420 |
| MICR Code | WAITING |
| Address | 42 BY 1A,DONAKUPPE VILLAGE,AGALAKOTE HAND POST,MAGADI TALUK,RAMNAGARAM DIS T 562120 |
| City | MAGADI |
| District | BANGALORE RURAL |
| State | KARNATAKA |
| Contact | 28584896 |
Payment Facilities
About IFSC Code IOBA0003420
The IFSC code IOBA0003420 uniquely identifies the AGALAKOTE branch of INDIAN OVERSEAS BANK located in MAGADI, KARNATAKA. This 11-character alphanumeric code is essential for all electronic fund transfers in India including NEFT, RTGS, IMPS, and UPI transactions.
Understanding IFSC Code IOBA0003420
- 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 (003420) – Unique branch identifier for AGALAKOTE
How to Use IFSC Code IOBA0003420
To transfer money to any account at INDIAN OVERSEAS BANK AGALAKOTE branch, you will need to provide the IFSC code IOBA0003420 along with the beneficiary's account number. This code ensures your money reaches the correct branch securely.
Transfer Methods Available at AGALAKOTE
- 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 AGALAKOTE Branch
INDIAN OVERSEAS BANK AGALAKOTE is a branch of INDIAN OVERSEAS BANK located in MAGADI, KARNATAKA. The branch provides comprehensive banking services to customers in MAGADI and surrounding areas.
Branch Address
42 BY 1A,DONAKUPPE VILLAGE,AGALAKOTE HAND POST,MAGADI TALUK,RAMNAGARAM DIS T 562120, MAGADI, KARNATAKA
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 WAITING. 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 AGALAKOTE?
The IFSC code of INDIAN OVERSEAS BANK AGALAKOTE branch in MAGADI is IOBA0003420.
What is the MICR code of INDIAN OVERSEAS BANK AGALAKOTE?
The MICR code of INDIAN OVERSEAS BANK AGALAKOTE branch is WAITING.
What is the address of INDIAN OVERSEAS BANK AGALAKOTE?
INDIAN OVERSEAS BANK AGALAKOTE branch is located at 42 BY 1A,DONAKUPPE VILLAGE,AGALAKOTE HAND POST,MAGADI TALUK,RAMNAGARAM DIS T 562120.
Does INDIAN OVERSEAS BANK AGALAKOTE support NEFT/RTGS/IMPS?
INDIAN OVERSEAS BANK AGALAKOTE branch supports NEFT, RTGS, IMPS, and UPI transactions.