Indian Overseas Bank — ZUARI NAGAR

SOUTH GOA, GOA

IFSC Code

IOBA0002903

MICR Code

403020022

Branch

ZUARI NAGAR

Bank

Indian Overseas Bank

District

MARGAO

State

GOA

Contact

+914428584896

Address

NO 1,2,3,GREVA RESIDENCY BY NEAR MES COLLEGE JUNCTION,SANCOALE,SOUTH GOA,GOA 403726

Get Directions to This Branch

Using IFSC IOBA0002903 for money transfers

NEFT transfers to ZUARI NAGAR, one of Indian Overseas Bank's branches in MARGAO, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.

RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches ZUARI NAGAR almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to ZUARI NAGAR clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to ZUARI NAGAR: 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 ZUARI NAGAR 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).

Here's how to send money to ZUARI NAGAR using net banking or a UPI app:

  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 IOBA0002903 when prompted — this routes the transfer to ZUARI NAGAR 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 ZUARI NAGAR branch?

The IFSC code for Indian Overseas Bank's ZUARI NAGAR branch in SOUTH GOA, MARGAO, GOA is IOBA0002903. 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 403020022. MICR codes are used for cheque clearing, while the IFSC code (IOBA0002903) is what's needed for electronic transfers like NEFT and RTGS.

Where is the ZUARI NAGAR branch of Indian Overseas Bank located?

This branch is located at: NO 1,2,3,GREVA RESIDENCY BY NEAR MES COLLEGE JUNCTION,SANCOALE,SOUTH GOA,GOA 403726. It falls under MARGAO district, GOA.

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

Yes — the same IFSC code (IOBA0002903) 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 +914428584896.

Other Indian Overseas Bank branches in MARGAO

CHINCHINIMDAVORLIM DIKARPALEMARGAOMARGAO GOGOLSERAULIM

Indian Overseas Bank in other districts of GOA

PANAJI (4)PONDA (3)ASSONORA (1)BICHOLIM (1)BORIM (1)CALANGUTE (1)CARANZALEM (1)CHANDOR (1)

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.