This page lists the IFSC code, branch address, contact number and fund-transfer information for Indian Overseas Bank, PANAGUDI branch in PANAGUDY. The 11-digit IFSC IOBA0000180 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 PANAGUDI 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 – PANAGUDI is IOBA0000180. The first four letters IOBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000180 map to this branch in PANAGUDY, TAMIL NADU.
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Panagudi branch — IFSC IOBA0000180 — extends the bank's services to customers in and around Panagudy, Tamil Nadu.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Panagudi |
| IFSC Code | IOBA0000180 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 23 POLICE LINE STREET PANAGUDI PIN 627109 |
| City | Panagudy |
| District | Tirunelvali |
| State | Tamil Nadu |
| STD Code | 4637 |
| Phone | 245122 |
About the Panagudi branch
The Panagudi branch of Indian Overseas Bank is situated at 23 POLICE LINE STREET PANAGUDI PIN 627109. 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 IOBA0000180 is used.
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 PANAGUDI of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0000180 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 IOBA0000180 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 Panagudi branch is mapped to IFSC IOBA0000180 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 IOBA0000180.
Products and services
Customers walking into the Panagudi 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 IOBA0000180
How to transfer money using IFSC IOBA0000180
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 IOBA0000180 across all three.
NEFT to Indian Overseas Bank, PANAGUDI using IFSC IOBA0000180
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 IOBA0000180, and confirm that the system picks up Indian Overseas Bank – PANAGUDI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0000180
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 – PANAGUDI, ensure your bank's portal accepts IFSC IOBA0000180 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – PANAGUDI, use IMPS. With IFSC IOBA0000180 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 IOBA0000180 for Indian Overseas Bank – PANAGUDI, 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 – IOBA0000180 | Yes – IOBA0000180 | Yes – IOBA0000180 |
For most retail customers crediting the Panagudi 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.
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 PANAGUDI branch, the IFSC IOBA0000180 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.
Online banking and IFSC IOBA0000180
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the PANAGUDI 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 IOBA0000180 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.
MICR & cheque-truncation details
Cheques drawn on the Panagudi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC IOBA0000180 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC IOBA0000180
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 – PANAGUDI, 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:
IOBA0000180. - 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 Panagudi branch
The branch is located at 23 POLICE LINE STREET PANAGUDI PIN 627109, which puts it inside Panagudy, the broader Tirunelvali district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Panagudi branch” — the verified location pin for IFSC IOBA0000180 should appear at the top of the results.
- Confirm the branch is open by calling 4637-245122 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 IOBA0000180 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC IOBA0000180 for Indian Overseas Bank – PANAGUDI, 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 Panagudi branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000180, however, work 24x7.
Branch address & contact
Indian Overseas BankPanagudi Branch
23 POLICE LINE STREET PANAGUDI PIN 627109
Panagudy, Tamil Nadu
Phone: 4637-245122
IFSC: IOBA0000180
Frequently asked questions
Where is Indian Overseas Bank Panagudi branch located?
Indian Overseas Bank's Panagudi branch is located at 23 POLICE LINE STREET PANAGUDI PIN 627109, Panagudy, Tamil Nadu.
What is the IFSC code of Indian Overseas Bank Panagudi branch?
The IFSC code of Indian Overseas Bank, Panagudi branch is IOBA0000180. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC IOBA0000180 the same for all accounts at Panagudi branch?
Yes. The IFSC IOBA0000180 is shared by every account held at Indian Overseas Bank's Panagudi branch. Only the account number changes from customer to customer.
What is the phone number of Indian Overseas Bank Panagudi branch?
You can reach the branch at 4637-245122 during regular banking hours.
Does Indian Overseas Bank Panagudi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 4637-245122 to confirm.
How quickly will an NEFT transfer using IOBA0000180 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Panagudi reflect within 30 minutes.
Can I use IFSC IOBA0000180 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000180 to send funds instantly.
How do I add Indian Overseas Bank Panagudi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000180, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0000180 belongs to Indian Overseas Bank's PANAGUDI branch, located at 23 POLICE LINE STREET PANAGUDI PIN 627109 in PANAGUDY, 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.
