If you are searching for the IFSC code of Indian Overseas Bank, NANDANAM branch in CHENNAI, TAMIL NADU, this page has every detail you need. The verified IFSC code for this branch is IOBA0002922. 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 NANDANAM branch, and detailed step-by-step guides for using the IFSC IOBA0002922 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.
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, IOBA0002922 is the IFSC of Indian Overseas Bank's NANDANAM branch. The format is fixed: IOBA = bank code, 0 = reserved, 002922 = branch identifier.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Nandanam 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, IOBA0002922.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Nandanam |
| IFSC Code | IOBA0002922 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| STD Code | 44 |
| Phone | 28584896 |
Nandanam branch overview
Located at NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035, the Nandanam branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC IOBA0002922 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 NANDANAM branch came to be assigned the code IOBA0002922.
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 IOBA0002922, money simply cannot be routed to the NANDANAM branch electronically.
Products and account variants supported
Every account opened at the Nandanam branch is mapped to IFSC IOBA0002922 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 IOBA0002922.
Products and services
Customers walking into the Nandanam 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 IOBA0002922
How to transfer money using IFSC IOBA0002922
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 IOBA0002922 across all three.
How to use IFSC IOBA0002922 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's NANDANAM 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 IOBA0002922.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as NANDANAM.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0002922
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 – NANDANAM, ensure your bank's portal accepts IFSC IOBA0002922 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank NANDANAM (IFSC IOBA0002922)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002922 in your mobile or internet banking app, and the money is credited to the NANDANAM branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Nandanam
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 IOBA0002922:
- 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 NANDANAM is still linked to IFSC IOBA0002922.
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 IOBA0002922
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 – NANDANAM is still mapped to IFSC IOBA0002922. 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 IOBA0002922 and the beneficiary's account number to complete the transfer.
Online banking and IFSC IOBA0002922
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the NANDANAM 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 IOBA0002922 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 code & cheque clearing
Apart from IFSC, every cheque book issued by Indian Overseas Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IOBA0002922 and the account number together uniquely identify the Nandanam branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – NANDANAM:
- The IFSC is exactly IOBA0002922 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 NANDANAM 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 Nandanam branch
The branch is located at NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035, which puts it inside Chennai, the broader Chennai district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Nandanam branch” — the verified location pin for IFSC IOBA0002922 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 IOBA0002922 and your account number.
Verifying IFSC IOBA0002922 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 IOBA0002922 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.
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 Nandanam branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002922, however, work 24x7.
Branch address & contact
Indian Overseas BankNandanam Branch
NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035
Chennai, Tamil Nadu
Phone: 44-28584896
IFSC: IOBA0002922
Frequently asked questions
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 Nandanam branch but serve different purposes.
Is IFSC IOBA0002922 the same for all accounts at Nandanam branch?
Yes. The IFSC IOBA0002922 is shared by every account held at Indian Overseas Bank's Nandanam branch. Only the account number changes from customer to customer.
Is IFSC IOBA0002922 valid for NEFT and RTGS?
Yes. IFSC IOBA0002922 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Overseas Bank Nandanam as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002922, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indian Overseas Bank Nandanam branch?
You can reach the branch at 44-28584896 during regular banking hours.
Where is Indian Overseas Bank Nandanam branch located?
Indian Overseas Bank's Nandanam branch is located at NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035, Chennai, Tamil Nadu.
How quickly will an NEFT transfer using IOBA0002922 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Nandanam reflect within 30 minutes.
What is the IFSC code of Indian Overseas Bank Nandanam branch?
The IFSC code of Indian Overseas Bank, Nandanam branch is IOBA0002922. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code IOBA0002922 belongs to Indian Overseas Bank's NANDANAM branch, located at NO.6,5TH MAIN STREET NANDANAM MAIN ROAD EXTN,CHENNAI 600035 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.
