IFSC Code of Indian Overseas Bank, Koranattu Karuppur Branch, Tamil Nadu

Use this page as a one-stop reference for everything related to Indian Overseas Bank's KORANATTU KARUPPUR branch in KARUPPUR III, TAMIL NADU. The branch's IFSC code IOBA0001216 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 – KORANATTU KARUPPUR is IOBA0001216. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001216 map to this branch in KARUPPUR III, TAMIL NADU.

Branch details at a glance

About Indian Overseas Bank

Indian Overseas Bank operates a wide network of branches across India, including the Koranattu Karuppur branch in Karuppur Iii. 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, IOBA0001216.

About the Koranattu Karuppur branch

The Koranattu Karuppur branch of Indian Overseas Bank is situated at 5 BY 12371 MADINA STREET,KORANATTU KARUPPUR,PIN 612501. 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 IOBA0001216 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 KORANATTU KARUPPUR branch came to be assigned the code IOBA0001216.

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 IOBA0001216, money simply cannot be routed to the KORANATTU KARUPPUR branch electronically.

How to transfer money using IFSC IOBA0001216

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 IOBA0001216 across all three.

How to use IFSC IOBA0001216 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's KORANATTU KARUPPUR 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).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC IOBA0001216.
4. Confirm the bank name auto-populates as Indian Overseas Bank and the branch as KORANATTU KARUPPUR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to KORANATTU KARUPPUR

If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's KORANATTU KARUPPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0001216 while initiating the transfer and the credit will appear within minutes.

IMPS to Indian Overseas Bank KORANATTU KARUPPUR (IFSC IOBA0001216)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0001216 in your mobile or internet banking app, and the money is credited to the KORANATTU KARUPPUR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Koranattu Karuppur

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 IOBA0001216:

• 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 KORANATTU KARUPPUR is still linked to IFSC IOBA0001216.

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.

UPI payments and IFSC IOBA0001216

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 – KORANATTU KARUPPUR is still mapped to IFSC IOBA0001216. 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 IOBA0001216 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Koranattu Karuppur branch is mapped to IFSC IOBA0001216 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 IOBA0001216.

Banking services available

The Koranattu Karuppur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2442395.

• 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 IOBA0001216

MICR & cheque-truncation details

Cheques drawn on the Koranattu Karuppur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001216 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC IOBA0001216

Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the KORANATTU KARUPPUR 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 IOBA0001216 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.

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 – KORANATTU KARUPPUR:

• The IFSC is exactly IOBA0001216 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 KORANATTU KARUPPUR 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.

How to reach the Koranattu Karuppur branch

The branch is located at 5 BY 12371 MADINA STREET,KORANATTU KARUPPUR,PIN 612501, which puts it inside Karuppur Iii, the broader Salem district, and the state of Tamil Nadu. To plan your visit:

1. Open Google Maps on your phone and search for “Indian Overseas Bank Koranattu Karuppur branch” — the verified location pin for IFSC IOBA0001216 should appear at the top of the results.
2. Confirm the branch is open by calling 2442395 before stepping out, especially around public holidays.
3. 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 IOBA0001216 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC IOBA0001216 for Indian Overseas Bank – KORANATTU KARUPPUR, 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.

Working hours

Branch counters at Koranattu Karuppur 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 IOBA0001216 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: IOBA0001216 is the IFSC code of Indian Overseas Bank, KORANATTU KARUPPUR branch, in KARUPPUR III, 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.