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Indian Overseas Bank · S.A.S Nagar

IOBA0001503: Indian Overseas Bank, Lalru Mandi

IFSC code IOBA0001503 belongs to the Lalru Mandi branch of Indian Overseas Bank in S.A.S Nagar, Punjab. Its MICR code is 160020017.

IFSC
IOBA0001503
MICR
160020017
Bank
Indian Overseas Bank
Branch
Lalru Mandi
District
S.A.S Nagar
State
Punjab

Branch address

Indian Overseas Bank
Dana Mandi Shop No 4, Lalru Mandi, Tehasil Dera Bassi, Lalru Mandi140501

Open in a map · Pincode 140501: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

IOBA is Indian Overseas Bank's bank code, the fifth character 0 is kept for future use, and 001503 is the code of the Lalru Mandi branch. In the MICR code 160020017, 160 is the city, 020 the bank and 017 the branch.

Other Indian Overseas Bank branches in S.A.S Nagar

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Indian Overseas Bank's Lalru Mandi branch (S.A.S Nagar, Punjab) is IOBA0001503.

  2. 160020017. MICR is printed at the bottom of the branch's cheques.

  3. Dana Mandi Shop No 4, Lalru Mandi, Tehasil Dera Bassi, Lalru Mandi140501

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IOBA0001503 with the beneficiary's account number.

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