Below are the complete branch details for Indian Overseas Bank, RAJAJI BHAVAN branch, located in CHENNAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0001687. 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 IOBA0001687 for Indian Overseas Bank – RAJAJI BHAVAN — 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 RAJAJI BHAVAN branch, the IFSC IOBA0001687 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 001687 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Rajaji Bhavan 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, IOBA0001687.
About the Rajaji Bhavan branch
The Rajaji Bhavan branch of Indian Overseas Bank is situated at A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code IOBA0001687 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Rajaji Bhavan |
| IFSC Code | IOBA0001687 |
| MICR Code | Refer to cheque leaf |
| Branch Address | A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090 |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Phone | 2342060 |
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 RAJAJI BHAVAN of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001687 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 IOBA0001687 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 Rajaji Bhavan branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001687 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 IOBA0001687
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 IOBA0001687 across all three.
How to use IFSC IOBA0001687 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's RAJAJI BHAVAN 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 IOBA0001687.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as RAJAJI BHAVAN.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0001687
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 – RAJAJI BHAVAN, ensure your bank's portal accepts IFSC IOBA0001687 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank RAJAJI BHAVAN (IFSC IOBA0001687)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001687 in your mobile or internet banking app, and the money is credited to the RAJAJI BHAVAN branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Rajaji Bhavan
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 IOBA0001687:
- 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 RAJAJI BHAVAN is still linked to IFSC IOBA0001687.
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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Indian Overseas Bank's RAJAJI BHAVAN branch, the IFSC IOBA0001687 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Rajaji Bhavan branch
Once you have an account at Indian Overseas Bank – RAJAJI BHAVAN, the IFSC IOBA0001687 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 Rajaji Bhavan 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 IOBA0001687
Online banking and IFSC IOBA0001687
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the RAJAJI BHAVAN 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 IOBA0001687 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.
Reaching the branch
The Rajaji Bhavan branch sits at A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090. If you are travelling from outside Chennai, search for the branch on a maps application using the bank name and locality, or call 2342060 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 IOBA0001687 and your account number.
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 – RAJAJI BHAVAN:
- The IFSC is exactly IOBA0001687 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 RAJAJI BHAVAN 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.
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 Rajaji Bhavan branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001687, however, work 24x7.
Verifying IFSC IOBA0001687 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 IOBA0001687 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2342060.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankRajaji Bhavan Branch
A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090
Chennai, Tamil Nadu
Phone: 2342060
IFSC: IOBA0001687
Frequently asked questions
How quickly will an NEFT transfer using IOBA0001687 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Rajaji Bhavan reflect within 30 minutes.
Is IFSC IOBA0001687 the same for all accounts at Rajaji Bhavan branch?
Yes. The IFSC IOBA0001687 is shared by every account held at Indian Overseas Bank's Rajaji Bhavan branch. Only the account number changes from customer to customer.
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 Rajaji Bhavan branch but serve different purposes.
What is the phone number of Indian Overseas Bank Rajaji Bhavan branch?
You can reach the branch at 2342060 during regular banking hours.
Can I use IFSC IOBA0001687 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001687 to send funds instantly.
Is IFSC IOBA0001687 valid for NEFT and RTGS?
Yes. IFSC IOBA0001687 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Indian Overseas Bank Rajaji Bhavan branch?
The IFSC code of Indian Overseas Bank, Rajaji Bhavan branch is IOBA0001687. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Does Indian Overseas Bank Rajaji Bhavan branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2342060 to confirm.
Summary
The IFSC code IOBA0001687 belongs to Indian Overseas Bank's RAJAJI BHAVAN branch, located at A WING, GROUND FLOOR,RAJAJI BHAVAN, BESANT NAGAR,CHENNAI-600090 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.
