Indian Overseas Bank – GURDASPUR – PUNJAB
Last verified: 24-10-2026
IFSC Code: IOBA0003145
MICR Code: 141020029
Branch details
Address: SCO 1 2 3 HALF PART NITESH VIHAR VILLAGE, DURGI DHANDRAN ROAD, LUDHIANA 141013
City: GURDASPUR
State: PUNJAB
Contact: +914428584896
How to Use IFSC Code ‘IOBA0003145’ for Bank Transfers
IOBA0003145 is the IFSC code for the Indian Overseas Bank. The IFSC is used to identify the beneficiary bank branch for electronic fund transfers such as NEFT and RTGS.
NEFT
To send money through NEFT, enter the beneficiary’s:
- Account holder name
- Bank account number
- IFSC code: IOBA0003145
- Bank name: Indian Overseas Bank
- Branch name: DUGRI
Make sure the account number and IFSC are correct before confirming the transaction. RBI guidance emphasizes the importance of providing correct beneficiary account details.
RTGS
RTGS transactions are available for amounts of ₹2 lakh and above, subject to applicable bank guidelines.
Enter IOBA0003145 as the beneficiary’s IFSC when your bank asks for the branch IFSC.
IMPS
IMPS can be used for instant bank transfers when supported by your bank. When adding a beneficiary, enter the correct Indian Overseas Bank account number and IFSC where your banking app requires it.
How to Verify IOBA0003145 Before Transferring Money
Before making a transfer:
- Confirm that the IFSC is IOBA0003145.
- Check that the bank name and branch match the beneficiary’s details.
- Carefully verify the account number.
- Confirm the beneficiary name shown by your banking application, where available.
- If you have any doubt, verify the details with the beneficiary or Indian Overseas Bank before sending money.
Important: An incorrect account number can result in funds being credited incorrectly. RBI guidance says the account number is relied upon for crediting the beneficiary, so it should be checked carefully.
Indian Financial System Code (IFSC): IOBA0003145
The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).
- The first four characters represent the bank name.
- The fifth character is always ‘0’ and is reserved for future use.
- The last six characters (003145) identify the specific branch.
MICR Code (Magnetic Ink Character Recognition): 141020029
The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.
