Below are the complete branch details for Indian Overseas Bank, PADUR branch, located in KELAMBAKKAM, TAMIL NADU. The IFSC assigned by the Reserve Bank of India to this branch is IOBA0002554. 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 IOBA0002554 for Indian Overseas Bank – PADUR — 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 PADUR branch, the IFSC IOBA0002554 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 002554 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Padur branch in Kelambakkam. 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, IOBA0002554.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Padur |
| IFSC Code | IOBA0002554 |
| MICR Code | Refer to cheque leaf |
| Branch Address | HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103 |
| City | Kelambakkam |
| District | Kancheepuram |
| State | Tamil Nadu |
| Phone | 27474090 |
About this branch
The branch is located at HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103. It serves the Kelambakkam region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Indian Overseas Bank. The IFSC IOBA0002554 is used to identify this branch on the RBI payments network.
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 PADUR of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0002554 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 IOBA0002554 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Padur branch is mapped to IFSC IOBA0002554 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 IOBA0002554.
Products and services
Customers walking into the Padur 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 IOBA0002554
How to transfer money using IFSC IOBA0002554
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 IOBA0002554 across all three.
NEFT to Indian Overseas Bank, PADUR using IFSC IOBA0002554
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 IOBA0002554, and confirm that the system picks up Indian Overseas Bank – PADUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to PADUR
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's PADUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0002554 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 – PADUR, use IMPS. With IFSC IOBA0002554 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 IOBA0002554 for Indian Overseas Bank – PADUR, 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 – IOBA0002554 | Yes – IOBA0002554 | Yes – IOBA0002554 |
For most retail customers crediting the Padur 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 IOBA0002554
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 – PADUR is still mapped to IFSC IOBA0002554. 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 IOBA0002554 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Padur 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 IOBA0002554 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.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Indian Overseas Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC IOBA0002554 and the account number together uniquely identify the Padur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC IOBA0002554
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 – PADUR, 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:
IOBA0002554. - 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.
How to reach the Padur branch
The branch is located at HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103, which puts it inside Kelambakkam, the broader Kancheepuram district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Padur branch” — the verified location pin for IFSC IOBA0002554 should appear at the top of the results.
- Confirm the branch is open by calling 27474090 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 IOBA0002554 and your account number.
Verifying IFSC IOBA0002554 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 IOBA0002554 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 27474090.
- Visiting the bank's official branch locator page.
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 Padur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002554, however, work 24x7.
Branch address & contact
Indian Overseas BankPadur Branch
HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103
Kelambakkam, Tamil Nadu
Phone: 27474090
IFSC: IOBA0002554
Frequently asked questions
What is the IFSC code of Indian Overseas Bank Padur branch?
The IFSC code of Indian Overseas Bank, Padur branch is IOBA0002554. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Indian Overseas Bank Padur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002554, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Indian Overseas Bank Padur branch located?
Indian Overseas Bank's Padur branch is located at HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103, Kelambakkam, Tamil Nadu.
Is IFSC IOBA0002554 valid for NEFT and RTGS?
Yes. IFSC IOBA0002554 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0002554 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Padur reflect within 30 minutes.
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 Padur branch but serve different purposes.
Summary
The IFSC code IOBA0002554 belongs to Indian Overseas Bank's PADUR branch, located at HINDUSTHAN UNIVERSITY CAMPUS,POST BOX NO 1,RAJIV GANDHI SALAI,T N 603103 in KELAMBAKKAM, 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.
