Use this page as a one-stop reference for everything related to Indian Overseas Bank's TAPESWARAM branch in TAPESWARAM, ANDHRA PRADESH. The branch's IFSC code IOBA0000529 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, IOBA0000529 is the IFSC of Indian Overseas Bank's TAPESWARAM branch. The format is fixed: IOBA = bank code, 0 = reserved, 000529 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Tapeswaram |
| IFSC Code | IOBA0000529 |
| MICR Code | Refer to cheque leaf |
| Branch Address | MAIN ROAD, MANDAPETA MANDAL, TAPESWARAM PIN 533340 |
| City | Tapeswaram |
| District | East Godavari |
| State | Andhra Pradesh |
| STD Code | 8855 |
| Phone | 232129 |
About the bank
Indian Overseas Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Tapeswaram branch in Tapeswaram, Andhra Pradesh is part of this network and uses the IFSC code IOBA0000529 for all electronic settlement.
About the Tapeswaram branch
The Tapeswaram branch of Indian Overseas Bank is situated at MAIN ROAD, MANDAPETA MANDAL, TAPESWARAM PIN 533340. 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 IOBA0000529 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 TAPESWARAM of Indian Overseas Bank — its own 11-character IFSC. The code IOBA0000529 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 IOBA0000529 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 IOBA0000529
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 IOBA0000529 across all three.
How to use IFSC IOBA0000529 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Indian Overseas Bank's TAPESWARAM 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 IOBA0000529.
- Confirm the bank name auto-populates as Indian Overseas Bank and the branch as TAPESWARAM.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC IOBA0000529
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 – TAPESWARAM, ensure your bank's portal accepts IFSC IOBA0000529 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Indian Overseas Bank TAPESWARAM (IFSC IOBA0000529)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC IOBA0000529 in your mobile or internet banking app, and the money is credited to the TAPESWARAM branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC IOBA0000529 for Indian Overseas Bank – TAPESWARAM, 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 – IOBA0000529 | Yes – IOBA0000529 | Yes – IOBA0000529 |
For most retail customers crediting the Tapeswaram 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 TAPESWARAM branch, the IFSC IOBA0000529 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 Tapeswaram branch is mapped to IFSC IOBA0000529 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 IOBA0000529.
Products and services
Customers walking into the Tapeswaram 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 IOBA0000529
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 IOBA0000529 and the account number together uniquely identify the Tapeswaram branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Tapeswaram 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 IOBA0000529 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.
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 – TAPESWARAM:
- The IFSC is exactly IOBA0000529 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 TAPESWARAM 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.
Reaching the branch
The Tapeswaram branch sits at MAIN ROAD, MANDAPETA MANDAL, TAPESWARAM PIN 533340. If you are travelling from outside Tapeswaram, search for the branch on a maps application using the bank name and locality, or call 8855-232129 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 IOBA0000529 and your account number.
Verifying IFSC IOBA0000529 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 IOBA0000529 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 8855-232129.
- 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 Tapeswaram branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC IOBA0000529, however, work 24x7.
Branch address & contact
Indian Overseas BankTapeswaram Branch
MAIN ROAD, MANDAPETA MANDAL, TAPESWARAM PIN 533340
Tapeswaram, Andhra Pradesh
Phone: 8855-232129
IFSC: IOBA0000529
Frequently asked questions
How do I add Indian Overseas Bank Tapeswaram as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0000529, and complete OTP verification. Once activated, you can transfer funds at any time.
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 Tapeswaram branch but serve different purposes.
Can I use IFSC IOBA0000529 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC IOBA0000529 to send funds instantly.
Is IFSC IOBA0000529 valid for NEFT and RTGS?
Yes. IFSC IOBA0000529 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is Indian Overseas Bank Tapeswaram branch located?
Indian Overseas Bank's Tapeswaram branch is located at MAIN ROAD, MANDAPETA MANDAL, TAPESWARAM PIN 533340, Tapeswaram, Andhra Pradesh.
What is the IFSC code of Indian Overseas Bank Tapeswaram branch?
The IFSC code of Indian Overseas Bank, Tapeswaram branch is IOBA0000529. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Final notes
To recap: IOBA0000529 is the IFSC code of Indian Overseas Bank, TAPESWARAM branch, in TAPESWARAM, ANDHRA PRADESH. 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.
