Indian Overseas Bank PALAYAM Branch IFSC Code
IOBA 0001316
Indian Overseas Bank PALAYAM — DINDIGUL, TAMIL NADU
MICR: 639020011
RTGS: ✓
NEFT: ✓
IMPS: ✓
UPI: ✓
Branch Details
- Bank
- Indian Overseas Bank
- Branch
- PALAYAM
- IFSC Code
- IOBA0001316
- MICR Code
- 639020011
- City
- DINDIGUL
- District
- PALAYAM
- State
- TAMIL NADU
- Contact
- 234254
How to Use This IFSC Code
NEFT Transfer
Use IFSC code IOBA0001316 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 IOBA0001316.
IMPS Transfer
IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001316.
IFSC Code Structure
I
O
B
A
0
0
0
1
3
1
6
- IOBA — Bank code (Indian Overseas Bank)
- 0 — Reserved (always 0)
- 001316 — Branch code (PALAYAM)
Nearby Indian Overseas Bank Branches in DINDIGUL
AYAKUDI
IOBA0000175
NEW AYAKUDI MAIN ROAD, AYAKUDI POST - 624 613
MICR: 624020103 RTGS ✓ NEFT ✓ IMPS ✓
VEDASANDUR
IOBA0000230
NO 54, BIG BAZAAR STREET, VEDASANDUR - 624 710
MICR: 625020038 RTGS ✓ NEFT ✓ IMPS ✓
PANNAIKADU
IOBA0000232
NO 1/158, MAIN STREET, PANNAIKADU, KODAIKANAL TAULK 624210
MICR: 625020039 RTGS ✓ NEFT ✓ IMPS ✓
SITHAYANKOTTAI
IOBA0000237
NO 8, ARUMUGAM PILLAI MALIGAI, MARKET ROAD, SITHAYANKOTTAI - 624708
MICR: 625020040 RTGS ✓ NEFT ✓ IMPS ✓
KEERANUR
IOBA0000242
NEAR BUS STAND, TRICHY PUDUKOTTAI MAIN ROAD, KEERANUR PIN 622502
MICR: 622020005 RTGS ✓ NEFT ✓ IMPS ✓
Frequently Asked Questions
Is IOBA0001316 valid for online transfer?
Yes, IOBA0001316 is a valid IFSC code for Indian Overseas Bank PALAYAM branch in DINDIGUL, TAMIL NADU. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001316 belong to?
IOBA0001316 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 PALAYAM is 639020011. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001316?
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.