Indian Overseas Bank — CHAPRA

SARAN, BIHAR

IFSC Code

IOBA0002378

MICR Code

841020002

Branch

CHAPRA

Bank

Indian Overseas Bank

District

CHAPRA

State

BIHAR

Contact

+916182300031

Address

MOUNA GOLA ROAD,NEAR HANUMAN MANDIR,STATION ROAD,CHAPRA,BIHAR,841301

Get Directions to This Branch

Using IFSC IOBA0002378 for money transfers

NEFT (National Electronic Funds Transfer) lets you send money to any account at Indian Overseas Bank's CHAPRA branch from any other bank in India. Transfers are processed in half-hourly batches, so funds usually reach the recipient within a couple of hours, and there's no minimum or maximum amount restriction from RBI's side.

For amounts of ₹2 lakh or more sent to an account at Indian Overseas Bank, CHAPRA, RTGS is usually the better choice over NEFT — each transaction settles on its own in real time instead of waiting in a batch.

IMPS (Immediate Payment Service) is the fastest of the three — funds move to CHAPRA within seconds, any time of day including bank holidays. It's typically capped at ₹5 lakh per transaction depending on your bank's own limits.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to CHAPRA: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting CHAPRA In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Sending funds to this Indian Overseas Bank branch takes just a few steps:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code IOBA0002378 when prompted — this routes the transfer to CHAPRA specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the Indian Overseas Bank CHAPRA branch?

The IFSC code for Indian Overseas Bank's CHAPRA branch in SARAN, CHAPRA, BIHAR is IOBA0002378. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 841020002. MICR codes are used for cheque clearing, while the IFSC code (IOBA0002378) is what's needed for electronic transfers like NEFT and RTGS.

Where is the CHAPRA branch of Indian Overseas Bank located?

This branch is located at: MOUNA GOLA ROAD,NEAR HANUMAN MANDIR,STATION ROAD,CHAPRA,BIHAR,841301. It falls under CHAPRA district, BIHAR.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (IOBA0002378) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +916182300031.

Indian Overseas Bank in other districts of BIHAR

PATNA (15)MUZAFFARPUR (5)AURANGABAD (3)ARRAH (2)GAYA (2)KATIHAR (2)MADHUBANI (2)PURNIA (2)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.