Below are the complete branch details for Indian Overseas Bank, DEVAKOTTAI branch, located in DEVAKOTTAI, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0000023. 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 IOBA0000023 for Indian Overseas Bank – DEVAKOTTAI — 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 DEVAKOTTAI branch, the IFSC IOBA0000023 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000023 identifies this particular branch.
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Devakottai branch — IFSC IOBA0000023 — extends the bank's services to customers in and around Devakottai, Tamil Nadu.
About the Devakottai branch
The Devakottai branch of Indian Overseas Bank is situated at 20,THIAGIGAL RD,DEVAKOTTAI 630302. 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 IOBA0000023 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Devakottai |
| IFSC Code | IOBA0000023 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 20,THIAGIGAL RD,DEVAKOTTAI 630302 |
| City | Devakottai |
| District | Sivaganga |
| State | Tamil Nadu |
| STD Code | 4561 |
| Phone | 272281 |
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 DEVAKOTTAI branch came to be assigned the code IOBA0000023.
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 IOBA0000023, money simply cannot be routed to the DEVAKOTTAI branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Devakottai branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000023 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 IOBA0000023
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 IOBA0000023 across all three.
NEFT to Indian Overseas Bank, DEVAKOTTAI using IFSC IOBA0000023
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC IOBA0000023, and confirm that the system picks up Indian Overseas Bank – DEVAKOTTAI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to DEVAKOTTAI
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's DEVAKOTTAI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000023 while initiating the transfer and the credit will appear within minutes.
IMPS to Indian Overseas Bank DEVAKOTTAI (IFSC IOBA0000023)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000023 in your mobile or internet banking app, and the money is credited to the DEVAKOTTAI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0000023 for Indian Overseas Bank – DEVAKOTTAI, 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 – IOBA0000023 | Yes – IOBA0000023 | Yes – IOBA0000023 |
For most retail customers crediting the Devakottai 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.
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 DEVAKOTTAI branch, the IFSC IOBA0000023 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.
Products and account variants supported
Every account opened at the Devakottai branch is mapped to IFSC IOBA0000023 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 IOBA0000023.
Banking services available
The Devakottai branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 4561-272281.
- 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 IOBA0000023
Digital banking channels
Most day-to-day work that customers used to do at the Devakottai 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 IOBA0000023 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 Devakottai branch
The branch is located at 20,THIAGIGAL RD,DEVAKOTTAI 630302, which puts it inside Devakottai, the broader Sivaganga district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Devakottai branch” — the verified location pin for IFSC IOBA0000023 should appear at the top of the results.
- Confirm the branch is open by calling 4561-272281 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 IOBA0000023 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 – DEVAKOTTAI:
- The IFSC is exactly IOBA0000023 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 DEVAKOTTAI 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.
Working hours
Branch counters at Devakottai 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 IOBA0000023 continue to work without interruption.
Verifying IFSC IOBA0000023 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 IOBA0000023 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 4561-272281.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankDevakottai Branch
20,THIAGIGAL RD,DEVAKOTTAI 630302
Devakottai, Tamil Nadu
Phone: 4561-272281
IFSC: IOBA0000023
Frequently asked questions
Is IFSC IOBA0000023 valid for NEFT and RTGS?
Yes. IFSC IOBA0000023 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Can I use IFSC IOBA0000023 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000023 to send funds instantly.
How quickly will an NEFT transfer using IOBA0000023 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Devakottai reflect within 30 minutes.
How do I add Indian Overseas Bank Devakottai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000023, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Indian Overseas Bank Devakottai branch?
The IFSC code of Indian Overseas Bank, Devakottai branch is IOBA0000023. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Overseas Bank Devakottai branch?
You can reach the branch at 4561-272281 during regular banking hours.
Where is Indian Overseas Bank Devakottai branch located?
Indian Overseas Bank's Devakottai branch is located at 20,THIAGIGAL RD,DEVAKOTTAI 630302, Devakottai, Tamil Nadu.
Is IFSC IOBA0000023 the same for all accounts at Devakottai branch?
Yes. The IFSC IOBA0000023 is shared by every account held at Indian Overseas Bank's Devakottai branch. Only the account number changes from customer to customer.
Final notes
To recap: IOBA0000023 is the IFSC code of Indian Overseas Bank, DEVAKOTTAI branch, in DEVAKOTTAI, 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.
