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Verified Branch

Indian Overseas Bank

SILVASSA Branch, DADRANAGAR HAVELI

IFSC Code
IOBA0002198
Required for NEFT, RTGS, IMPS money transfers
MICR Code
396020111
Used in magnetic paper cheque clearing

11-Character IFSC Anatomy Breakdown

IOBA Bank Code (1-4)
0 Control Zero (5th)
002198 Branch Code (6-11)

Complete Branch Details

Full Address HOTEL SONPARI COMPLEX,FIRST FLOOR,SILVASSA VAPI ROAD,
State DADRA AND NAGAR HAVELI AND DAMAN AND DIU
District / City SILVASA
Centre / Region SILVASA
Contact / Helpline 2640688
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Electronic Transfer Capabilities & Limits

NEFT

Available 24x7

Half-hourly batch clearance

RTGS

Min. ₹2 Lakh

Real-time gross settlement

IMPS

Instant Transfer

Up to ₹5 Lakh limit

UPI / QR

1-Tap VPA

GPay, PhonePe, Paytm

How to Transfer Money to this Branch

  1. Log in to your mobile banking app or Internet Banking portal (SBI, HDFC, ICICI, etc.).
  2. Navigate to Fund Transfer → Add Beneficiary / Payee.
  3. Enter the recipient's Account Number and paste IFSC code IOBA0002198.
  4. Confirm bank name displays as Indian Overseas Bank and branch as SILVASSA.
  5. Select payment mode (IMPS for instant <₹5L, or RTGS for >₹2L) and authenticate with OTP/MPIN.

Frequently Asked Questions (IOBA0002198)

What is the IFSC code of Indian Overseas Bank SILVASSA branch? ↓

The verified 11-digit IFSC code is IOBA0002198. This unique alphanumeric code is used for routing electronic fund transfers via NEFT, RTGS, IMPS, and clearing networks across India.

Can I transfer money on Sundays and bank holidays using this IFSC code? ↓

Yes! Under Reserve Bank of India (RBI) directives, NEFT, RTGS, IMPS, and UPI operate 24x7x365, including Sundays, second/fourth Saturdays, and public holidays. Electronic transfers will be processed automatically without branch intervention.

What is the MICR code of Indian Overseas Bank SILVASSA? ↓

The 9-digit Magnetic Ink Character Recognition (MICR) code is 396020111. It is printed on cheque leaves for high-speed automated sorting at RBI clearing houses.

Where is the branch located? ↓

The official branch address is HOTEL SONPARI COMPLEX,FIRST FLOOR,SILVASSA VAPI ROAD,, located in SILVASA district, DADRA AND NAGAR HAVELI AND DAMAN AND DIU.

Other Indian Overseas Bank Branches in SILVASA

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DINDIGUL, TAMIL NADU

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IRINJALAKUDA Branch

THRISSUR, KERALA

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NEW DELHISECTOR ROHINI Branch

DELHI, DELHI

 IOBA0002161

MADHIRA Branch

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 IOBA0002443

NANGLOI NEW DELHI Branch

WEST, DELHI

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GINGEE Branch

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SILAIMAN Branch

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SAKKARAKOTTAI Branch

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