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Indian Overseas Bank · Barmer

IOBA0004124: Indian Overseas Bank, Balotra

IFSC code IOBA0004124 belongs to the Balotra branch of Indian Overseas Bank in Barmer, Rajasthan. Its MICR code is 344020004.

IFSC
IOBA0004124
MICR
344020004
Bank
Indian Overseas Bank
Branch
Balotra
District
Barmer
State
Rajasthan

Branch address

Indian Overseas Bank
Shop No.35 , 36 Near Hero Showroom, Kher Road, Industrial Area, Balotra

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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 004124 is the code of the Balotra branch. In the MICR code 344020004, 344 is the city, 020 the bank and 004 the branch.

Other Indian Overseas Bank branches in Barmer

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 Balotra branch (Barmer, Rajasthan) is IOBA0004124.

  2. 344020004. MICR is printed at the bottom of the branch's cheques.

  3. Shop No.35 , 36 Near Hero Showroom, Kher Road, Industrial Area, Balotra

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IOBA0004124 with the beneficiary's account number.

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