Indian Overseas Bank VELAMPALAYAM Branch IFSC Code
IOBA 0000241
Indian Overseas Bank VELAMPALAYAM — COIMBOTORE, TAMIL NADU
MICR: 641020104
RTGS: ✓
NEFT: ✓
IMPS: ✓
UPI: ✓
Branch Details
- Bank
- Indian Overseas Bank
- Branch
- VELAMPALAYAM
- IFSC Code
- IOBA0000241
- MICR Code
- 641020104
- City
- COIMBOTORE
- District
- TIRUPUR
- State
- TAMIL NADU
- Contact
- 2257312
How to Use This IFSC Code
NEFT Transfer
Use IFSC code IOBA0000241 to send money via NEFT to this branch. NEFT transfers are processed in hourly batches during working hours. No minimum amount required.
RTGS Transfer
This branch supports RTGS for high-value instant transfers above ₹2 lakhs. Use the same IFSC code IOBA0000241.
IMPS Transfer
IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0000241.
IFSC Code Structure
I
O
B
A
0
0
0
0
2
4
1
- IOBA — Bank code (Indian Overseas Bank)
- 0 — Reserved (always 0)
- 000241 — Branch code (VELAMPALAYAM)
Nearby Indian Overseas Bank Branches in COIMBOTORE
TIRUPPUR
IOBA0000095
122, KUMARAN ROAD, TIRUPPUR - 641601
MICR: 641020102 RTGS ✓ NEFT ✓ IMPS ✓
CHINNATHADAGAM
IOBA0000643
1 BY 254, SELVAM COMPLEX, MAIN R NEAR BUS STAND CHINNATHADAGAM641108
MICR: 641020017 RTGS ✓ NEFT ✓ IMPS ✓
KNIT CITY
IOBA0001330
453 B,AVINASHI RD,TIRUPPUR
MICR: 641020103 RTGS ✓ NEFT ✓ IMPS ✓
ARAVIND EYE HOSPITAL
IOBA0001853
ARAVIND EYE HOSPITAL COMPOUND, AVINASHI RD,AERODROME POST, COIMBATORE - 641014
MICR: 641020027 RTGS ✓ NEFT ✓ IMPS ✓
Frequently Asked Questions
Is IOBA0000241 valid for online transfer?
Yes, IOBA0000241 is a valid IFSC code for Indian Overseas Bank VELAMPALAYAM branch in COIMBOTORE, TAMIL NADU. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0000241 belong to?
IOBA0000241 belongs to Indian Overseas Bank. The first 4 characters "IOBA" identify the bank.
What is the MICR code for this branch?
The MICR code for Indian Overseas Bank VELAMPALAYAM is 641020104. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0000241?
Yes, this branch supports RTGS (Real Time Gross Settlement). RTGS is used for high-value instant transfers above ₹2 lakhs. Available on working days during RBI specified hours.