This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, MODACHUR branch in GOBICHETTIPALAYAM. The 11-digit IFSC IOBA0000654 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Indian Overseas Bank at the MODACHUR location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this 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, IOBA0000654 is the IFSC of Indian Overseas Bank's MODACHUR branch. The format is fixed: IOBA = bank code, 0 = reserved, 000654 = branch identifier.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Modachur branch in Gobichettipalayam. 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, IOBA0000654.
About the Modachur branch
The Modachur branch of Indian Overseas Bank is situated at 1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476. 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 IOBA0000654 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Modachur |
| IFSC Code | IOBA0000654 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476 |
| City | Gobichettipalayam |
| District | Erode |
| State | Tamil Nadu |
| Phone | 222954 |
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 MODACHUR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0000654 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 IOBA0000654 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 Modachur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000654 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 IOBA0000654
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 IOBA0000654 across all three.
How to use IFSC IOBA0000654 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's MODACHUR 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 IOBA0000654.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as MODACHUR.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0000654
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 – MODACHUR, ensure your bank's portal accepts IFSC IOBA0000654 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – MODACHUR, use IMPS. With IFSC IOBA0000654 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 IOBA0000654 for Indian Overseas Bank – MODACHUR, 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 – IOBA0000654 | Yes – IOBA0000654 | Yes – IOBA0000654 |
For most retail customers crediting the Modachur 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 MODACHUR branch, the IFSC IOBA0000654 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 Modachur branch is mapped to IFSC IOBA0000654 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 IOBA0000654.
Banking services available
The Modachur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 222954.
- 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 IOBA0000654
Digital banking channels
Most day-to-day work that customers used to do at the Modachur 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 IOBA0000654 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 Modachur branch
The branch is located at 1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476, which puts it inside Gobichettipalayam, the broader Erode district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Modachur branch” — the verified location pin for IFSC IOBA0000654 should appear at the top of the results.
- Confirm the branch is open by calling 222954 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 IOBA0000654 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 – MODACHUR:
- The IFSC is exactly IOBA0000654 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 MODACHUR 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 Modachur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000654, however, work 24x7.
Verifying IFSC IOBA0000654 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 IOBA0000654 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 222954.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankModachur Branch
1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476
Gobichettipalayam, Tamil Nadu
Phone: 222954
IFSC: IOBA0000654
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 Modachur branch but serve different purposes.
Is IFSC IOBA0000654 the same for all accounts at Modachur branch?
Yes. The IFSC IOBA0000654 is shared by every account held at Indian Overseas Bank's Modachur branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using IOBA0000654 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Modachur reflect within 30 minutes.
Is IFSC IOBA0000654 valid for NEFT and RTGS?
Yes. IFSC IOBA0000654 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the IFSC code of Indian Overseas Bank Modachur branch?
The IFSC code of Indian Overseas Bank, Modachur branch is IOBA0000654. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Overseas Bank Modachur branch?
You can reach the branch at 222954 during regular banking hours.
Does Indian Overseas Bank Modachur branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 222954 to confirm.
Where is Indian Overseas Bank Modachur branch located?
Indian Overseas Bank's Modachur branch is located at 1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476, Gobichettipalayam, Tamil Nadu.
Summary
The IFSC code IOBA0000654 belongs to Indian Overseas Bank's MODACHUR branch, located at 1 B,MILL RD,MODACHUR,GOPICHETTIPALAYAM 638476 in GOBICHETTIPALAYAM, 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.
