Indian Overseas Bank — IND AREA

LUDHIANA, PUNJAB

IFSC Code

IOBA0000390

MICR Code

141020005

Branch

IND AREA

Bank

Indian Overseas Bank

District

LUDHIANA

State

PUNJAB

Contact

2227094

Address

G T BYPASS RD,NEAR TRANSPORT NAGAR,INDTL AREA,LUDHIANA

Get Directions to This Branch

Using IFSC IOBA0000390 for money transfers

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

IMPS is built for urgency: transfers to IND AREA 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 IND AREA: 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 IND AREA 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 IND AREA 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 IOBA0000390 when prompted — this routes the transfer to IND AREA 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 IND AREA branch?

The IFSC code for Indian Overseas Bank's IND AREA branch in LUDHIANA, PUNJAB is IOBA0000390. 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 141020005. MICR codes are used for cheque clearing, while the IFSC code (IOBA0000390) is what's needed for electronic transfers like NEFT and RTGS.

Where is the IND AREA branch of Indian Overseas Bank located?

This branch is located at: G T BYPASS RD,NEAR TRANSPORT NAGAR,INDTL AREA,LUDHIANA. It falls under LUDHIANA district, PUNJAB.

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

Yes — the same IFSC code (IOBA0000390) 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 2227094.

Other Indian Overseas Bank branches in LUDHIANA

ARYA COLLEGE BRCHBARANHARABROWN ROADCIVIL LINESDHANDARI KALANLPC LUDHIANALUDHIANA CMCLUDHIANA MAIN

Indian Overseas Bank in other districts of PUNJAB

JALANDHAR (11)AMRITSAR (9)HOSHIARPUR (3)NAWANSHAHAR (3)BADDOWAL (2)BARNALA (2)DERA BASSI (2)GURDASPUR (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.