Below are the complete branch details for Indian Overseas Bank, AVALPOONTHURAI branch, located in AVALPOONDURAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0002316. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case IOBA0002316 for Indian Overseas Bank – AVALPOONTHURAI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, IOBA0002316 is the IFSC of Indian Overseas Bank's AVALPOONTHURAI branch. The format is fixed: IOBA = bank code, 0 = reserved, 002316 = branch identifier.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Avalpoonthurai branch in Avalpoondurai, Tamil Nadu is part of this network and uses the IFSC code IOBA0002316 for all electronic settlement.
Avalpoonthurai branch overview
Located at 40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115, the Avalpoonthurai branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0002316 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Avalpoonthurai |
| IFSC Code | IOBA0002316 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115 |
| City | Avalpoondurai |
| District | Erode |
| State | Tamil Nadu |
| Phone | 2331165 |
Why every Indian Overseas Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including AVALPOONTHURAI of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002316 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC IOBA0002316 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the Avalpoonthurai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002316 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC IOBA0002316
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 IOBA0002316 across all three.
How to use IFSC IOBA0002316 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's AVALPOONTHURAI 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 IOBA0002316.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as AVALPOONTHURAI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0002316
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Indian Overseas Bank – AVALPOONTHURAI, ensure your bank's portal accepts IFSC IOBA0002316 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank AVALPOONTHURAI (IFSC IOBA0002316)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002316 in your mobile or internet banking app, and the money is credited to the AVALPOONTHURAI branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Avalpoonthurai
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC IOBA0002316:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at AVALPOONTHURAI is still linked to IFSC IOBA0002316.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC IOBA0002316
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 – AVALPOONTHURAI is still mapped to IFSC IOBA0002316. 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 IOBA0002316 and the beneficiary's account number to complete the transfer.
Account types you can open at the Avalpoonthurai branch
Once you have an account at Indian Overseas Bank – AVALPOONTHURAI, the IFSC IOBA0002316 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Avalpoonthurai 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 IOBA0002316
Digital banking channels
Most day-to-day work that customers used to do at the Avalpoonthurai branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC IOBA0002316 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
How to reach the Avalpoonthurai branch
The branch is located at 40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115, which puts it inside Avalpoondurai, the broader Erode district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Avalpoonthurai branch” — the verified location pin for IFSC IOBA0002316 should appear at the top of the results.
- Confirm the branch is open by calling 2331165 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 IOBA0002316 and your account number.
Common mistakes to avoid when using IFSC IOBA0002316
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indian Overseas Bank – AVALPOONTHURAI, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IOBA0002316. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Avalpoonthurai branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002316, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0002316 for Indian Overseas Bank – AVALPOONTHURAI, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Indian Overseas BankAvalpoonthurai Branch
40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115
Avalpoondurai, Tamil Nadu
Phone: 2331165
IFSC: IOBA0002316
Frequently asked questions
How do I add Indian Overseas Bank Avalpoonthurai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002316, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Indian Overseas Bank Avalpoonthurai branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2331165 to confirm.
Is IFSC IOBA0002316 valid for NEFT and RTGS?
Yes. IFSC IOBA0002316 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Indian Overseas Bank Avalpoonthurai branch?
You can reach the branch at 2331165 during regular banking hours.
Where is Indian Overseas Bank Avalpoonthurai branch located?
Indian Overseas Bank's Avalpoonthurai branch is located at 40,EASWARAN KOIL STREET MAIN ROAD,AVALPOONTHURAI 638 115, Avalpoondurai, Tamil Nadu.
Is IFSC IOBA0002316 the same for all accounts at Avalpoonthurai branch?
Yes. The IFSC IOBA0002316 is shared by every account held at Indian Overseas Bank's Avalpoonthurai branch. Only the account number changes from customer to customer.
Final notes
To recap: IOBA0002316 is the IFSC code of Indian Overseas Bank, AVALPOONTHURAI branch, in AVALPOONDURAI, TAMIL NADU. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
