Indian Overseas Bank REGULATED MARKET ERODE Branch IFSC Code

IOBA 0001859
Indian Overseas Bank Logo Indian Overseas Bank
REGULATED MARKET ERODE — ERODE, TAMIL NADU
MICR: 638020017 RTGS: ✓ NEFT: ✓ IMPS: ✓ UPI: ✓

Branch Details

Bank
Indian Overseas Bank
Branch
REGULATED MARKET ERODE
IFSC Code
IOBA0001859
MICR Code
638020017
Address
ERODE MARKET COMMITTEE, FIRST ST , GANDHIPURAM, ERODE 638003
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City
ERODE
District
ERODE
State
TAMIL NADU
Contact
2265636

How to Use This IFSC Code

NEFT Transfer

Use IFSC code IOBA0001859 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 IOBA0001859.

IMPS Transfer

IMPS is available 24×7 including holidays. Maximum ₹5 lakhs per transaction. Use IFSC code IOBA0001859.

IFSC Code Structure

I
O
B
A
0
0
0
1
8
5
9
  • IOBA — Bank code (Indian Overseas Bank)
  • 0 — Reserved (always 0)
  • 001859 — Branch code (REGULATED MARKET ERODE)

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Frequently Asked Questions

Is IOBA0001859 valid for online transfer?
Yes, IOBA0001859 is a valid IFSC code for Indian Overseas Bank REGULATED MARKET ERODE branch in ERODE, TAMIL NADU. You can use this code for NEFT, RTGS, and IMPS transfers.
What bank does IOBA0001859 belong to?
IOBA0001859 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 REGULATED MARKET ERODE is 638020017. MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque processing.
Can I do RTGS using IOBA0001859?
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.