Indian Overseas Bank — PAYAKARAOPETA Branch

How to Use IOBA0002312 for Money Transfers

The IFSC code IOBA0002312 is specifically assigned to the PAYAKARAOPETA branch of Indian Overseas Bank located in VISHAKHAPATNAM, ANDHRA PRADESH. This unique code is mandatory for routing electronic payments correctly within India.

NEFT Transfer

Use IOBA0002312 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 IOBA0002312 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 IOBA0002312 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 PAYAKARAOPETA Branch

The PAYAKARAOPETA branch of Indian Overseas Bank is situated in VISHAKHAPATNAM, ANDHRA PRADESH. The branch address is DOOR NO 13 5 6,MAIN ROAD,OPP CHITRAM,PAYAKARAOPETA 531126. This branch supports electronic payment services including NEFT, RTGS, IMPS, and UPI. You can contact this branch at 252294. Always use the IFSC code IOBA0002312 when making any online fund transfer to an account held at this branch.