Indian Overseas Bank
OGB - RAYAGADA EV.BR BRANCH
Understanding IFSC Code: The Digital DNA of Indian Overseas Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the OGB - RAYAGADA EV.BR
branch of Indian Overseas Bank, the code IOBA0GB8346 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the IOBA0GB8346 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"IOBA" represents Indian Overseas Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for OGB - RAYAGADA EV.BR
Payment Systems Supported by IOBA0GB8346
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code——is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Indian Overseas Bank in RAYAGADA typically follows the RBI holiday calendar. Digital transfers via IOBA0GB8346 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While IOBA0GB8346 is the valid code for OGB - RAYAGADA EV.BR at RAYAGADA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Indian Overseas Bank Branch List
- • RAYAGADA IFSC Codes
- • Swift Code for Indian Overseas Bank
- • Bank Holiday in ODISHA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • OGB - RAYAGADA EV.BR Contact
- • Address of Indian Overseas Bank
- • MICR Code Finder
- • ODISHA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Indian Overseas Bank IOBA0GB8346 code, find OGB - RAYAGADA EV.BR branch details, Indian Overseas Bank RAYAGADA contact number, ODISHA bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Indian Overseas Bank RAYAGADA, online neft rtgs imps guide india, how to find ifsc code of Indian Overseas Bank.