Indian Overseas Bank — AIZAWL

AIZAWL, MIZORAM

IFSC Code

IOBA0003028

MICR Code

796020002

Branch

AIZAWL

Bank

Indian Overseas Bank

District

AIZAWL

State

MIZORAM

Contact

+914428584896

Address

D BY 31,MAHATMA GANDHI ROAD 796001

Get Directions to This Branch

Using IFSC IOBA0003028 for money transfers

NEFT transfers to AIZAWL, one of Indian Overseas Bank's branches in AIZAWL, 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 AIZAWL almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to AIZAWL 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 AIZAWL: 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 AIZAWL 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).

Follow these steps to transfer money into an account held at AIZAWL:

  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 IOBA0003028 when prompted — this routes the transfer to AIZAWL 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 AIZAWL branch?

The IFSC code for Indian Overseas Bank's AIZAWL branch in AIZAWL, MIZORAM is IOBA0003028. 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 796020002. MICR codes are used for cheque clearing, while the IFSC code (IOBA0003028) is what's needed for electronic transfers like NEFT and RTGS.

Where is the AIZAWL branch of Indian Overseas Bank located?

This branch is located at: D BY 31,MAHATMA GANDHI ROAD 796001. It falls under AIZAWL district, MIZORAM.

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

Yes — the same IFSC code (IOBA0003028) 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.

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.