Indian Overseas Bank — BANASHANKARI II STAGE Branch

How to Use IOBA0001298 for Money Transfers

The IFSC code IOBA0001298 is specifically assigned to the BANASHANKARI II STAGE branch of Indian Overseas Bank located in BANGALORE URBAN, KARNATAKA. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use IOBA0001298 when adding this branch as a beneficiary in NEFT transactions. NEFT operates in half-hourly batches from 12:30 AM to 12:00 AM on all days. Enter the IFSC, account number, and account holder name carefully to ensure successful transfer.

RTGS Transfer

For high-value transactions above ₹2 lakh, RTGS offers real-time gross settlement. Use IOBA0001298 along with the beneficiary's exact account number. RTGS is available on working days from 7:00 AM to 6:00 PM.

IMPS & UPI

IMPS and UPI allow instant 24×7 transfers. While UPI apps often auto-resolve the IFSC from the VPA, mobile banking apps require IOBA0001298 when registering a new beneficiary.

Always double-check the account number before confirming any transfer — the IFSC routes funds to the correct branch, but the account number specifies the exact recipient.

About Indian Overseas Bank BANASHANKARI II STAGE Branch

The BANASHANKARI II STAGE branch of Indian Overseas Bank is situated in BANGALORE URBAN, KARNATAKA. The branch address is 356 24TH B CROSS,9TH MAIN RD,BANASHANKARI II STAGE,BANGALORE. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at 22950128. Always use the IFSC code IOBA0001298 when making any online fund transfer to an account held at this branch.