Indian Overseas Bank IFSC Code
PALAYAM Branch, PALAYAM, PALAYAM, Tamil Nadu
The official Indian Financial System Code (IFSC) for Indian Overseas Bank, PALAYAM branch in PALAYAM, Tamil Nadu is IOBA0001316. The MICR code for cheque clearance is 639020011.
Branch Fact Sheet & Electronic Routing Details
- Bank Name
- Indian Overseas Bank
- Branch Name
- PALAYAM
- MICR Code
- City / District
- PALAYAM (PALAYAM)
- State
- Tamil Nadu
- Postal Pincode
- N/A
NO 412/6A - 3, TRICHY MAIN ROAD, PALAYAM - 624 620
How to Read IFSC Code: IOBA0001316
An Indian Financial System Code (IFSC) is a unique 11-character alphanumeric code assigned by the Reserve Bank of India to identify bank branches for electronic payment systems.
First 4 alphabetic characters identify Indian Overseas Bank.
5th character is always numeral '0', reserved for future use.
Last 6 alphanumeric characters identify the specific physical branch.
Payment Systems Supported by this IFSC Code
| Payment System | Settlement Time | Minimum Amount | Availability | Ideal For |
|---|---|---|---|---|
| NEFT (National Electronic Funds Transfer) | Half-hourly batches | ₹1 (No minimum) | 24x7x365 | Routine bills, small & medium transactions |
| RTGS (Real Time Gross Settlement) | Real-time instant | ₹2,00,000 | 24x7x365 | High-value urgent financial transfers |
| IMPS (Immediate Payment Service) | Immediate | ₹1 (Max ₹5 Lakh) | 24x7x365 | Instant mobile banking & emergency transfers |
Frequently Asked Questions: Indian Overseas Bank (IOBA0001316)
What is the IFSC Code for Indian Overseas Bank PALAYAM branch?
The IFSC Code for Indian Overseas Bank PALAYAM branch in PALAYAM, Tamil Nadu is IOBA0001316. It is used for NEFT, RTGS, and IMPS funds transfer.
What is the address of Indian Overseas Bank PALAYAM branch?
The branch is located at: NO 412/6A - 3, TRICHY MAIN ROAD, PALAYAM - 624 620, PALAYAM, Tamil Nadu.
What is the MICR Code for Indian Overseas Bank PALAYAM?
The MICR Code for electronic cheque clearing at Indian Overseas Bank PALAYAM is 639020011.
How can I contact Indian Overseas Bank PALAYAM branch?
You can contact the branch at: Phone: 234254. For official national customer care, refer to Indian Overseas Bank's official banking channels.
How to decipher the IFSC code IOBA0001316?
The first 4 characters 'IOBA' represent Indian Overseas Bank. The 5th character is '0' reserved for future use. The last 6 characters '001316' represent the specific PALAYAM branch code.
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