Use this page as a one-stop reference for everything related to Indian Overseas Bank's SALEM SHEVAPET branch in SALEM, TAMIL NADU. The branch's IFSC code IOBA0000149 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.
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 SALEM SHEVAPET branch, the IFSC IOBA0000149 breaks down as follows: IOBA identifies the bank, 0 is the reserved character, and 000149 identifies this particular branch.
About Indian Overseas Bank
Indian Overseas Bank operates a wide network of branches across India, including the Salem Shevapet branch in Salem. 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, IOBA0000149.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Salem Shevapet |
| IFSC Code | IOBA0000149 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 720 FORT MAIN ROAD, SHEVAPET, SALEM PIN 636002 |
| City | Salem |
| District | Salem |
| State | Tamil Nadu |
| Phone | 2212239 |
About this branch
The branch is located at 720 FORT MAIN ROAD, SHEVAPET, SALEM PIN 636002. It serves the Salem 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 IOBA0000149 is used to identify this branch on the RBI payments network.
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 SALEM SHEVAPET branch came to be assigned the code IOBA0000149.
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 IOBA0000149, money simply cannot be routed to the SALEM SHEVAPET branch electronically.
Products and account variants supported
Every account opened at the Salem Shevapet branch is mapped to IFSC IOBA0000149 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 IOBA0000149.
Products and services
Customers walking into the Salem Shevapet 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 IOBA0000149
How to transfer money using IFSC IOBA0000149
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 IOBA0000149 across all three.
How to use IFSC IOBA0000149 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's SALEM SHEVAPET 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 IOBA0000149.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as SALEM SHEVAPET.
- 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 SALEM SHEVAPET
If you need to transfer ₹2 lakh or more in one go to an account at Indian Overseas Bank's SALEM SHEVAPET branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC IOBA0000149 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 – SALEM SHEVAPET, use IMPS. With IFSC IOBA0000149 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 IOBA0000149 for Indian Overseas Bank – SALEM SHEVAPET, 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 – IOBA0000149 | Yes – IOBA0000149 | Yes – IOBA0000149 |
For most retail customers crediting the Salem Shevapet 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 SALEM SHEVAPET branch, the IFSC IOBA0000149 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 IOBA0000149
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the SALEM SHEVAPET 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 IOBA0000149 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 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 IOBA0000149 and the account number together uniquely identify the Salem Shevapet branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
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 – SALEM SHEVAPET:
- The IFSC is exactly IOBA0000149 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 SALEM SHEVAPET 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 Salem Shevapet branch
The branch is located at 720 FORT MAIN ROAD, SHEVAPET, SALEM PIN 636002, which puts it inside Salem, the broader Salem district, and the state of Tamil Nadu. To plan your visit:
- Open Google Maps on your phone and search for “Indian Overseas Bank Salem Shevapet branch” — the verified location pin for IFSC IOBA0000149 should appear at the top of the results.
- Confirm the branch is open by calling 2212239 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 IOBA0000149 and your account number.
Verifying IFSC IOBA0000149 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 IOBA0000149 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2212239.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Salem Shevapet 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 IOBA0000149 continue to work without interruption.
Branch address & contact
Indian Overseas BankSalem Shevapet Branch
720 FORT MAIN ROAD, SHEVAPET, SALEM PIN 636002
Salem, Tamil Nadu
Phone: 2212239
IFSC: IOBA0000149
Frequently asked questions
Where is Indian Overseas Bank Salem Shevapet branch located?
Indian Overseas Bank's Salem Shevapet branch is located at 720 FORT MAIN ROAD, SHEVAPET, SALEM PIN 636002, Salem, Tamil Nadu.
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 Salem Shevapet branch but serve different purposes.
What is the IFSC code of Indian Overseas Bank Salem Shevapet branch?
The IFSC code of Indian Overseas Bank, Salem Shevapet branch is IOBA0000149. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Indian Overseas Bank Salem Shevapet as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000149, and complete OTP verification. Once activated, you can transfer funds at any time.
How quickly will an NEFT transfer using IOBA0000149 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Salem Shevapet reflect within 30 minutes.
Can I use IFSC IOBA0000149 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000149 to send funds instantly.
Final notes
To recap: IOBA0000149 is the IFSC code of Indian Overseas Bank, SALEM SHEVAPET branch, in SALEM, 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.
