Indian Overseas Bank — RAIKOT

LUDHIANA, PUNJAB

IFSC Code

IOBA0002265

MICR Code

141020302

Branch

RAIKOT

Bank

Indian Overseas Bank

District

RAIKOT

State

PUNJAB

Contact

265011

Address

NEAR LIFE CARE HOSPITAL LUDHIANA ROAD RAIKOT PIN 141109,DIST LUDHIANA

Get Directions to This Branch

Using IFSC IOBA0002265 for money transfers

To move funds into an account held at RAIKOT (Indian Overseas Bank) using NEFT, the sender's bank needs this branch's IFSC code — IOBA0002265. 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 RAIKOT in LUDHIANA, since each transfer is settled individually and immediately rather than bundled with others.

Need money at Indian Overseas Bank, RAIKOT 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 RAIKOT: 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 RAIKOT 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 RAIKOT 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 IOBA0002265 when prompted — this routes the transfer to RAIKOT 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 RAIKOT branch?

The IFSC code for Indian Overseas Bank's RAIKOT branch in LUDHIANA, RAIKOT, PUNJAB is IOBA0002265. 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 141020302. MICR codes are used for cheque clearing, while the IFSC code (IOBA0002265) is what's needed for electronic transfers like NEFT and RTGS.

Where is the RAIKOT branch of Indian Overseas Bank located?

This branch is located at: NEAR LIFE CARE HOSPITAL LUDHIANA ROAD RAIKOT PIN 141109,DIST LUDHIANA. It falls under RAIKOT district, PUNJAB.

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

Yes — the same IFSC code (IOBA0002265) 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 265011.

Indian Overseas Bank in other districts of PUNJAB

LUDHIANA (18)JALANDHAR (11)AMRITSAR (9)HOSHIARPUR (3)NAWANSHAHAR (3)BADDOWAL (2)BARNALA (2)DERA BASSI (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.