Indian Overseas Bank PARAMAKUDI Branch IFSC Code

IOBA 0001576
Indian Overseas Bank Logo Indian Overseas Bank
PARAMAKUDI — RAMANATHAPURAM, TAMIL NADU
MICR: 623020102 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
PARAMAKUDI
IFSC Code
IOBA0001576
MICR Code
623020102
Address
4 BY 328 GANDHIJI ROAD PARAMAKUDI PIN623707
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City
RAMANATHAPURAM
District
PARAMAGUDI
State
TAMIL NADU
Contact
2785268

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0001576 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 IOBA0001576.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001576.

IFSC Code Structure

I
O
B
A
0
0
0
1
5
7
6
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 001576 — Branch code (PARAMAKUDI)

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Frequently Asked Questions

Is IOBA0001576 valid for online transfer?
Yes, IOBA0001576 is a valid IFSC code for Indian Overseas Bank PARAMAKUDI branch in RAMANATHAPURAM, TAMIL NADU. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001576 belong to?
IOBA0001576 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 PARAMAKUDI is 623020102. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001576?
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.