Indian Overseas Bank — METODA GIDC

RAJKOT, GUJARAT

IFSC Code

IOBA0004029

MICR Code

Not available

Branch

METODA GIDC

Bank

Indian Overseas Bank

District

RAJKOT

State

GUJARAT

Contact

Not available

Address

PLOT NO G 919, LODHIKA IND. ESTATE, METODA, DISTRICT RAJKOT, STATE GUJARAT, 360021

Get Directions to This Branch

Using IFSC IOBA0004029 for money transfers

To move funds into an account held at METODA GIDC (Indian Overseas Bank) using NEFT, the sender's bank needs this branch's IFSC code — IOBA0004029. NEFT settles in batches throughout the day, so it's a good fit for transfers that don't need to land instantly.

RTGS is the go-to option when transferring large sums (₹2 lakh+) to METODA GIDC in RAJKOT, since each transfer is settled individually and immediately rather than bundled with others.

Need money at Indian Overseas Bank, METODA GIDC right now? IMPS settles instantly, 24x7, including weekends and holidays — unlike NEFT/RTGS, which follow banking-hour batch or settlement windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to METODA GIDC: 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 METODA GIDC 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 METODA GIDC 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 IOBA0004029 when prompted — this routes the transfer to METODA GIDC 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 METODA GIDC branch?

The IFSC code for Indian Overseas Bank's METODA GIDC branch in RAJKOT, GUJARAT is IOBA0004029. 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?

A MICR code isn't listed for this branch in our records. MICR codes are used specifically for cheque clearing — if you need one, it's best to confirm directly with the branch, since it doesn't affect NEFT/RTGS/IMPS transfers, which only need the IFSC code (IOBA0004029).

Where is the METODA GIDC branch of Indian Overseas Bank located?

This branch is located at: PLOT NO G 919, LODHIKA IND. ESTATE, METODA, DISTRICT RAJKOT, STATE GUJARAT, 360021. It falls under RAJKOT district, GUJARAT.

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

Yes — the same IFSC code (IOBA0004029) 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?

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.

Other Indian Overseas Bank branches in RAJKOT

KAGDADIKASTURBADHAMPD MALAYIYA COLLEGERAJKOTRAJKOT MUNICIPAL CORPNRAJKOT M V M COLLEGE ROADRAJKOT VANIAVADIRAVKI

Indian Overseas Bank in other districts of GUJARAT

AHMEDABAD (27)VADODARA (10)SURAT (7)GANDHINAGAR (5)KALOL (5)ANAND (4)JAMNAGAR (4)MORVI (3)

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.