This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, MADURAI VISALAKSHIPURAM branch in MADURAI. The 11-digit IFSC IOBA0001340 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 MADURAI VISALAKSHIPURAM 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.
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 – MADURAI VISALAKSHIPURAM is IOBA0001340. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001340 map to this branch in MADURAI, TAMIL NADU.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Madurai Visalakshipuram |
| IFSC Code | IOBA0001340 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO - 27, POST AND TELEGRAPH NAGAR, VISALAKSHIPURAM, MADURAI - 625 014 |
| City | Madurai |
| District | Madurai |
| State | Tamil Nadu |
| STD Code | 0 |
| Phone | 2641147 |
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Madurai Visalakshipuram branch — IFSC IOBA0001340 — extends the bank's services to customers in and around Madurai, Tamil Nadu.
About this branch
The branch is located at NO - 27, POST AND TELEGRAPH NAGAR, VISALAKSHIPURAM, MADURAI - 625 014. It serves the Madurai 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 IOBA0001340 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 MADURAI VISALAKSHIPURAM of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0001340 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 IOBA0001340 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC IOBA0001340
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 IOBA0001340 across all three.
NEFT to Indian Overseas Bank, MADURAI VISALAKSHIPURAM using IFSC IOBA0001340
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 IOBA0001340, and confirm that the system picks up Indian Overseas Bank – MADURAI VISALAKSHIPURAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0001340
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 – MADURAI VISALAKSHIPURAM, ensure your bank's portal accepts IFSC IOBA0001340 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – MADURAI VISALAKSHIPURAM, use IMPS. With IFSC IOBA0001340 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 IOBA0001340 for Indian Overseas Bank – MADURAI VISALAKSHIPURAM, 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 – IOBA0001340 | Yes – IOBA0001340 | Yes – IOBA0001340 |
For most retail customers crediting the Madurai Visalakshipuram 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 IOBA0001340
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 – MADURAI VISALAKSHIPURAM is still mapped to IFSC IOBA0001340. 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 IOBA0001340 and the beneficiary's account number to complete the transfer.
Account types you can open at the Madurai Visalakshipuram branch
Once you have an account at Indian Overseas Bank – MADURAI VISALAKSHIPURAM, the IFSC IOBA0001340 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Madurai Visalakshipuram branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2641147.
- 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 IOBA0001340
MICR & cheque-truncation details
Cheques drawn on the Madurai Visalakshipuram branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0001340 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 Madurai Visalakshipuram 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 IOBA0001340 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 IOBA0001340
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 – MADURAI VISALAKSHIPURAM, 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:
IOBA0001340. - 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 Madurai Visalakshipuram branch
The branch is located at NO - 27, POST AND TELEGRAPH NAGAR, VISALAKSHIPURAM, MADURAI - 625 014, which puts it inside Madurai, the broader Madurai district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Madurai Visalakshipuram branch” — the verified location pin for IFSC IOBA0001340 should appear at the top of the results.
- Confirm the branch is open by calling 2641147 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 IOBA0001340 and your account number.
Verifying IFSC IOBA0001340 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 IOBA0001340 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2641147.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Madurai Visalakshipuram 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 IOBA0001340 continue to work without interruption.
Branch address & contact
Indian Overseas BankMadurai Visalakshipuram Branch
NO - 27, POST AND TELEGRAPH NAGAR, VISALAKSHIPURAM, MADURAI - 625 014
Madurai, Tamil Nadu
Phone: 2641147
IFSC: IOBA0001340
Frequently asked questions
What is the phone number of Indian Overseas Bank Madurai Visalakshipuram branch?
You can reach the branch at 2641147 during regular banking hours.
What is the IFSC code of Indian Overseas Bank Madurai Visalakshipuram branch?
The IFSC code of Indian Overseas Bank, Madurai Visalakshipuram branch is IOBA0001340. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using IOBA0001340 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Madurai Visalakshipuram reflect within 30 minutes.
How do I add Indian Overseas Bank Madurai Visalakshipuram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0001340, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Indian Overseas Bank Madurai Visalakshipuram branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2641147 to confirm.
Is IFSC IOBA0001340 the same for all accounts at Madurai Visalakshipuram branch?
Yes. The IFSC IOBA0001340 is shared by every account held at Indian Overseas Bank's Madurai Visalakshipuram branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0001340 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0001340 to send funds instantly.
Final notes
To recap: IOBA0001340 is the IFSC code of Indian Overseas Bank, MADURAI VISALAKSHIPURAM branch, in MADURAI, 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.
