Below are the complete branch details for Indian Overseas Bank, CHENNAI PERAMBUR branch, located in CHENNAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0000167. 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 IOBA0000167 for Indian Overseas Bank – CHENNAI PERAMBUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Indian Overseas Bank's CHENNAI PERAMBUR branch, the IFSC IOBA0000167 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000167 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Chennai Perambur branch in Chennai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, IOBA0000167.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Chennai Perambur |
| IFSC Code | IOBA0000167 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Phone | 26700809 |
Chennai Perambur branch overview
Located at 75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011, the Chennai Perambur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0000167 is required for all interbank electronic transfers routed through this branch.
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 CHENNAI PERAMBUR branch came to be assigned the code IOBA0000167.
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 IOBA0000167, money simply cannot be routed to the CHENNAI PERAMBUR branch electronically.
Account types you can open at the Chennai Perambur branch
Once you have an account at Indian Overseas Bank – CHENNAI PERAMBUR, the IFSC IOBA0000167 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.
Banking services available
The Chennai Perambur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 26700809.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC IOBA0000167
How to transfer money using IFSC IOBA0000167
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 IOBA0000167 across all three.
How to use IFSC IOBA0000167 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's CHENNAI PERAMBUR 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 IOBA0000167.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as CHENNAI PERAMBUR.
- 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 CHENNAI PERAMBUR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's CHENNAI PERAMBUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000167 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank CHENNAI PERAMBUR (IFSC IOBA0000167)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000167 in your mobile or internet banking app, and the money is credited to the CHENNAI PERAMBUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0000167 for Indian Overseas Bank – CHENNAI PERAMBUR, 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 – IOBA0000167 | Yes – IOBA0000167 | Yes – IOBA0000167 |
For most retail customers crediting the Chennai Perambur 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 IOBA0000167
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 – CHENNAI PERAMBUR is still mapped to IFSC IOBA0000167. 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 IOBA0000167 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0000167
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the CHENNAI PERAMBUR 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 IOBA0000167 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.
MICR & cheque-truncation details
Cheques drawn on the Chennai Perambur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000167 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – CHENNAI PERAMBUR:
- The IFSC is exactly IOBA0000167 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 CHENNAI PERAMBUR 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.
Reaching the branch
The Chennai Perambur branch sits at 75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011. If you are travelling from outside Chennai, search for the branch on a maps application using the bank name and locality, or call 26700809 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC IOBA0000167 and your account number.
Verifying IFSC IOBA0000167 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 IOBA0000167 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 26700809.
- Visiting the bank's official branch locator page.
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 Chennai Perambur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000167, however, work 24x7.
Branch address & contact
Indian Overseas BankChennai Perambur Branch
75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011
Chennai, Tamil Nadu
Phone: 26700809
IFSC: IOBA0000167
Frequently asked questions
What is the IFSC code of Indian Overseas Bank Chennai Perambur branch?
The IFSC code of Indian Overseas Bank, Chennai Perambur branch is IOBA0000167. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0000167 the same for all accounts at Chennai Perambur branch?
Yes. The IFSC IOBA0000167 is shared by every account held at Indian Overseas Bank's Chennai Perambur branch. Only the account number changes from customer to customer.
Is IFSC IOBA0000167 valid for NEFT and RTGS?
Yes. IFSC IOBA0000167 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 Chennai Perambur branch but serve different purposes.
Where is Indian Overseas Bank Chennai Perambur branch located?
Indian Overseas Bank's Chennai Perambur branch is located at 75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011, Chennai, Tamil Nadu.
What is the phone number of Indian Overseas Bank Chennai Perambur branch?
You can reach the branch at 26700809 during regular banking hours.
Summary
The IFSC code IOBA0000167 belongs to Indian Overseas Bank's CHENNAI PERAMBUR branch, located at 75 BY 151,PAPER MILLS ROAD,PERAMBUR CHENNAI PIN 600011 in CHENNAI, 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.
