Use this page as a one-stop reference for everything related to Indian Overseas Bank's RADHAPURAM branch in PALAYAMKOTTAI, TAMIL NADU. The branch's IFSC code IOBA0002301 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.
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, IOBA0002301 is the IFSC of Indian Overseas Bank's RADHAPURAM branch. The format is fixed: IOBA = bank code, 0 = reserved, 002301 = branch identifier.
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Radhapuram branch in Palayamkottai, Tamil Nadu is part of this network and uses the IFSC code IOBA0002301 for all electronic settlement.
About the Radhapuram branch
The Radhapuram branch of Indian Overseas Bank is situated at 206 BY 5,VIJAYAPATHI ROAD,RADHAPURAM,627111. 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 IOBA0002301 is used.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Radhapuram |
| IFSC Code | IOBA0002301 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 206 BY 5,VIJAYAPATHI ROAD,RADHAPURAM,627111 |
| City | Palayamkottai |
| District | Cuddalore |
| State | Tamil Nadu |
| Phone | 254211 |
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 RADHAPURAM branch came to be assigned the code IOBA0002301.
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 IOBA0002301, money simply cannot be routed to the RADHAPURAM branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Radhapuram branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0002301 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 IOBA0002301
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 IOBA0002301 across all three.
How to use IFSC IOBA0002301 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's RADHAPURAM 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 IOBA0002301.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as RADHAPURAM.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0002301
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 – RADHAPURAM, ensure your bank's portal accepts IFSC IOBA0002301 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank RADHAPURAM (IFSC IOBA0002301)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0002301 in your mobile or internet banking app, and the money is credited to the RADHAPURAM branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Radhapuram
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 IOBA0002301:
- 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 RADHAPURAM is still linked to IFSC IOBA0002301.
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.
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 RADHAPURAM branch, the IFSC IOBA0002301 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 Radhapuram branch is mapped to IFSC IOBA0002301 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 IOBA0002301.
Products and services
Customers walking into the Radhapuram 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 IOBA0002301
Online banking and IFSC IOBA0002301
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the RADHAPURAM 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 IOBA0002301 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.
Reaching the branch
The Radhapuram branch sits at 206 BY 5,VIJAYAPATHI ROAD,RADHAPURAM,627111. If you are travelling from outside Palayamkottai, search for the branch on a maps application using the bank name and locality, or call 254211 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 IOBA0002301 and your account number.
Common mistakes to avoid when using IFSC IOBA0002301
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 – RADHAPURAM, 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:
IOBA0002301. - 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.
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 Radhapuram branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0002301, however, work 24x7.
Verifying IFSC IOBA0002301 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 IOBA0002301 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 254211.
- Visiting the bank's official branch locator page.
Branch address & contact
Indian Overseas BankRadhapuram Branch
206 BY 5,VIJAYAPATHI ROAD,RADHAPURAM,627111
Palayamkottai, Tamil Nadu
Phone: 254211
IFSC: IOBA0002301
Frequently asked questions
What is the phone number of Indian Overseas Bank Radhapuram branch?
You can reach the branch at 254211 during regular banking hours.
How quickly will an NEFT transfer using IOBA0002301 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Radhapuram reflect within 30 minutes.
Is IFSC IOBA0002301 valid for NEFT and RTGS?
Yes. IFSC IOBA0002301 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Indian Overseas Bank Radhapuram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002301, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Indian Overseas Bank Radhapuram branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 254211 to confirm.
Is IFSC IOBA0002301 the same for all accounts at Radhapuram branch?
Yes. The IFSC IOBA0002301 is shared by every account held at Indian Overseas Bank's Radhapuram branch. Only the account number changes from customer to customer.
Can I use IFSC IOBA0002301 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0002301 to send funds instantly.
Final notes
To recap: IOBA0002301 is the IFSC code of Indian Overseas Bank, RADHAPURAM branch, in PALAYAMKOTTAI, 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.
