GANDHINAGAR, GUJARAT
IFSC Code
IOBA0004027
MICR Code
382020003
Branch
SARGASON
Bank
Indian Overseas Bank
District
GANDHINAGAR
State
GUJARAT
Contact
Not available
Address
SHOP NO. 6,7,8, SHYAM HEIGHTS, TPS NO.07, FP NO.65, 70, SARGASAN, DISTRICT GANDHINAGAR, STATE GUJARAT, 382421
NEFT transfers to SARGASON, one of Indian Overseas Bank's branches in GANDHINAGAR, 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 SARGASON almost immediately once processed, rather than waiting for the next settlement window.
IMPS is built for urgency: transfers to SARGASON clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.
A distinction that matters if you're transferring to SARGASON: 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.
| Method | System Hours | If Visiting SARGASON In Person |
|---|---|---|
| NEFT | 24x7x365, 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. |
| RTGS | 24x7x365, 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. |
| IMPS | 24x7x365 — 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). |
The IFSC code for Indian Overseas Bank's SARGASON branch in GANDHINAGAR, GUJARAT is IOBA0004027. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.
The MICR code for this branch is 382020003. MICR codes are used for cheque clearing, while the IFSC code (IOBA0004027) is what's needed for electronic transfers like NEFT and RTGS.
This branch is located at: SHOP NO. 6,7,8, SHYAM HEIGHTS, TPS NO.07, FP NO.65, 70, SARGASAN, DISTRICT GANDHINAGAR, STATE GUJARAT, 382421. It falls under GANDHINAGAR district, GUJARAT.
Yes — the same IFSC code (IOBA0004027) 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.
A direct contact number isn't listed for this branch in our records. Your best options are Indian Overseas Bank's national customer care line or the nearest branch locator on the bank's official website.
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.