If you are searching for the IFSC code of Indian Overseas Bank, MANALI branch in AMBATTUR, TAMIL NADU, this page has every detail you need. The verified IFSC code for this branch is IOBA0002774. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the MANALI branch, and detailed step-by-step guides for using the IFSC IOBA0002774 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indian Overseas Bank – MANALI is IOBA0002774. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002774 map to this branch in AMBATTUR, TAMIL NADU.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Manali |
| IFSC Code | IOBA0002774 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 21 PRK SHARMA ST,MANALI MARKET,MANALI,CHENNAI 600068 |
| City | Ambattur |
| District | Thiruvallur |
| State | Tamil Nadu |
| STD Code | 44 |
| Phone | 28584896 |
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Manali branch in Ambattur, Tamil Nadu is part of this network and uses the IFSC code IOBA0002774 for all electronic settlement.
About this branch
The branch is located at 21 PRK SHARMA ST,MANALI MARKET,MANALI,CHENNAI 600068. It serves the Ambattur region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Indian Overseas Bank. The IFSC IOBA0002774 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Indian Overseas Bank's MANALI branch came to be assigned the code IOBA0002774.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC IOBA0002774, money simply cannot be routed to the MANALI branch electronically.
How to transfer money using IFSC IOBA0002774
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC IOBA0002774 across all three.
How to use IFSC IOBA0002774 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's MANALI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC IOBA0002774.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as MANALI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to MANALI
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's MANALI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002774 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank MANALI (IFSC IOBA0002774)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002774 in your mobile or internet banking app, and the money is credited to the MANALI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002774 for Indian Overseas Bank – MANALI, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – IOBA0002774 | Yes – IOBA0002774 | Yes – IOBA0002774 |
For most retail customers crediting the Manali branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC IOBA0002774
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Indian Overseas Bank – MANALI is still mapped to IFSC IOBA0002774. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC IOBA0002774 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Manali branch is mapped to IFSC IOBA0002774 on the RBI payments network. The branch generally supports the full retail product catalogue of Indian Overseas Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains IOBA0002774.
Products and services
Customers walking into the Manali branch can access most of Indian Overseas Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC IOBA0002774
MICR & cheque-truncation details
Cheques drawn on the Manali branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002774 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC IOBA0002774
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the MANALI branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC IOBA0002774 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Indian Overseas Bank – MANALI:
- The IFSC is exactly IOBA0002774 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Indian Overseas Bank as the bank name and MANALI as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Manali branch
The branch is located at 21 PRK SHARMA ST,MANALI MARKET,MANALI,CHENNAI 600068, which puts it inside Ambattur, the broader Thiruvallur district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Manali branch” — the verified location pin for IFSC IOBA0002774 should appear at the top of the results.
- Confirm the branch is open by calling 44-28584896 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC IOBA0002774 and your account number.
Verifying IFSC IOBA0002774 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm IOBA0002774 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 44-28584896.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Manali are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to IOBA0002774 continue to work without interruption.
Branch address & contact
Indian Overseas BankManali Branch
21 PRK SHARMA ST,MANALI MARKET,MANALI,CHENNAI 600068
Ambattur, Tamil Nadu
Phone: 44-28584896
IFSC: IOBA0002774
Frequently asked questions
What is the IFSC code of Indian Overseas Bank Manali branch?
The IFSC code of Indian Overseas Bank, Manali branch is IOBA0002774. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0002774 the same for all accounts at Manali branch?
Yes. The IFSC IOBA0002774 is shared by every account held at Indian Overseas Bank's Manali branch. Only the account number changes from customer to customer.
Is IFSC IOBA0002774 valid for NEFT and RTGS?
Yes. IFSC IOBA0002774 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Manali branch but serve different purposes.
How quickly will an NEFT transfer using IOBA0002774 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Manali reflect within 30 minutes.
How do I add Indian Overseas Bank Manali as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002774, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0002774 belongs to Indian Overseas Bank's MANALI branch, located at 21 PRK SHARMA ST,MANALI MARKET,MANALI,CHENNAI 600068 in AMBATTUR, TAMIL NADU. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
