Use this page as a one-stop reference for everything related to Indian Overseas Bank's KOLLAMPALAYAM branch in ERODE, TAMIL NADU. The branch's IFSC code IOBA0001594 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
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 KOLLAMPALAYAM branch, the IFSC IOBA0001594 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 001594 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Kollampalayam branch in Erode. 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, IOBA0001594.
About the Kollampalayam branch
The Kollampalayam branch of Indian Overseas Bank is situated at KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002. 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 IOBA0001594 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Kollampalayam |
| IFSC Code | IOBA0001594 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002 |
| City | Erode |
| District | Erode |
| State | Tamil Nadu |
| Phone | 351730 |
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 KOLLAMPALAYAM of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001594 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 IOBA0001594 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 Kollampalayam branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001594 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 IOBA0001594
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 IOBA0001594 across all three.
NEFT to Indian Overseas Bank, KOLLAMPALAYAM using IFSC IOBA0001594
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 IOBA0001594, and confirm that the system picks up Indian Overseas Bank – KOLLAMPALAYAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KOLLAMPALAYAM
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's KOLLAMPALAYAM branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001594 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – KOLLAMPALAYAM, use IMPS. With IFSC IOBA0001594 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0001594 for Indian Overseas Bank – KOLLAMPALAYAM, 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 – IOBA0001594 | Yes – IOBA0001594 | Yes – IOBA0001594 |
For most retail customers crediting the Kollampalayam 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 IOBA0001594
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 – KOLLAMPALAYAM is still mapped to IFSC IOBA0001594. 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 IOBA0001594 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Kollampalayam branch is mapped to IFSC IOBA0001594 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 IOBA0001594.
Products and services
Customers walking into the Kollampalayam 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 IOBA0001594
Digital banking channels
Most day-to-day work that customers used to do at the Kollampalayam 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 IOBA0001594 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.
Reaching the branch
The Kollampalayam branch sits at KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002. If you are travelling from outside Erode, search for the branch on a maps application using the bank name and locality, or call 351730 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 IOBA0001594 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 – KOLLAMPALAYAM:
- The IFSC is exactly IOBA0001594 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 KOLLAMPALAYAM 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 Kollampalayam branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0001594, however, work 24x7.
Verifying IFSC IOBA0001594 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 IOBA0001594 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 351730.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankKollampalayam Branch
KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002
Erode, Tamil Nadu
Phone: 351730
IFSC: IOBA0001594
Frequently asked questions
How do I add Indian Overseas Bank Kollampalayam as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001594, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the phone number of Indian Overseas Bank Kollampalayam branch?
You can reach the branch at 351730 during regular banking hours.
Where is Indian Overseas Bank Kollampalayam branch located?
Indian Overseas Bank's Kollampalayam branch is located at KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002, Erode, Tamil Nadu.
What is the IFSC code of Indian Overseas Bank Kollampalayam branch?
The IFSC code of Indian Overseas Bank, Kollampalayam branch is IOBA0001594. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0001594 the same for all accounts at Kollampalayam branch?
Yes. The IFSC IOBA0001594 is shared by every account held at Indian Overseas Bank's Kollampalayam branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0001594 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001594 to send funds instantly.
Summary
The IFSC code IOBA0001594 belongs to Indian Overseas Bank's KOLLAMPALAYAM branch, located at KOLLAMPALAYAM, ERODE, KOLLAMPALAYAM638002 in ERODE, 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.
