Use this page as a one-stop reference for everything related to Indian Overseas Bank's SME KAKINADA branch in KAKINADA, ANDHRA PRADESH. The branch's IFSC code IOBA0002604 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.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Indian Overseas Bank – SME KAKINADA is IOBA0002604. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002604 map to this branch in KAKINADA, ANDHRA PRADESH.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | SME Kakinada |
| IFSC Code | IOBA0002604 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA 533033 |
| City | Kakinada |
| District | East Godavari |
| State | Andhra Pradesh |
| STD Code | 44 |
| Phone | 28584896 |
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The SME Kakinada branch — IFSC IOBA0002604 — extends the bank's services to customers in and around Kakinada, Andhra Pradesh.
About the SME Kakinada branch
The SME Kakinada branch of Indian Overseas Bank is situated at 2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA 533033. 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 IOBA0002604 is used.
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 SME KAKINADA branch came to be assigned the code IOBA0002604.
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 IOBA0002604, money simply cannot be routed to the SME KAKINADA branch electronically.
How to transfer money using IFSC IOBA0002604
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 IOBA0002604 across all three.
NEFT to Indian Overseas Bank, SME KAKINADA using IFSC IOBA0002604
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 IOBA0002604, and confirm that the system picks up Indian Overseas Bank – SME KAKINADA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0002604
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 – SME KAKINADA, ensure your bank's portal accepts IFSC IOBA0002604 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank SME KAKINADA (IFSC IOBA0002604)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002604 in your mobile or internet banking app, and the money is credited to the SME KAKINADA branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0002604 for Indian Overseas Bank – SME KAKINADA, 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 – IOBA0002604 | Yes – IOBA0002604 | Yes – IOBA0002604 |
For most retail customers crediting the SME Kakinada 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 IOBA0002604
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 – SME KAKINADA is still mapped to IFSC IOBA0002604. 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 IOBA0002604 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the SME Kakinada branch is mapped to IFSC IOBA0002604 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 IOBA0002604.
Products and services
Customers walking into the SME Kakinada 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 IOBA0002604
MICR & cheque-truncation details
Cheques drawn on the SME Kakinada branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002604 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the SME Kakinada 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 IOBA0002604 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.
Common mistakes to avoid when using IFSC IOBA0002604
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Indian Overseas Bank – SME KAKINADA, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
IOBA0002604. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Reaching the branch
The SME Kakinada branch sits at 2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA 533033. If you are travelling from outside Kakinada, search for the branch on a maps application using the bank name and locality, or call 44-28584896 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 IOBA0002604 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0002604 for Indian Overseas Bank – SME KAKINADA, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
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 SME Kakinada branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002604, however, work 24x7.
Branch address & contact
Indian Overseas BankSME Kakinada Branch
2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA 533033
Kakinada, Andhra Pradesh
Phone: 44-28584896
IFSC: IOBA0002604
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 SME Kakinada branch but serve different purposes.
How quickly will an NEFT transfer using IOBA0002604 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – SME Kakinada reflect within 30 minutes.
Is IFSC IOBA0002604 the same for all accounts at SME Kakinada branch?
Yes. The IFSC IOBA0002604 is shared by every account held at Indian Overseas Bank's SME Kakinada branch. Only the account number changes from customer to customer.
What is the phone number of Indian Overseas Bank SME Kakinada branch?
You can reach the branch at 44-28584896 during regular banking hours.
Where is Indian Overseas Bank SME Kakinada branch located?
Indian Overseas Bank's SME Kakinada branch is located at 2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA 533033, Kakinada, Andhra Pradesh.
Can I use IFSC IOBA0002604 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002604 to send funds instantly.
What is the IFSC code of Indian Overseas Bank SME Kakinada branch?
The IFSC code of Indian Overseas Bank, SME Kakinada branch is IOBA0002604. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code IOBA0002604 belongs to Indian Overseas Bank's SME KAKINADA branch, located at 2 43 41A I FLOOR ENDOWMENTS COLONY 50 BUILDINGS CENTRE BHASKARNAGAR KAKINADA… in KAKINADA, ANDHRA PRADESH. 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.
