Use this page as a one-stop reference for everything related to Indian Overseas Bank's MELAPALAYAM branch in TIRUNELVELI, TAMIL NADU. The branch's IFSC code IOBA0002372 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, IOBA0002372 is the IFSC of Indian Overseas Bank's MELAPALAYAM branch. The format is fixed: IOBA = bank code, 0 = reserved, 002372 = branch identifier.
Branch details at a glance
| Bank Name | Indian Overseas Bank |
|---|---|
| Branch | Melapalayam |
| IFSC Code | IOBA0002372 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 58,METHAMARPALAYAM 2ND STREET,MELAPALAYAM,TIRUNELVELI 627005 |
| City | Tirunelveli |
| District | Tirunelvali |
| State | Tamil Nadu |
| Phone | 2350105 |
Bank profile
Indian Overseas Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Melapalayam branch — IFSC IOBA0002372 — extends the bank's services to customers in and around Tirunelveli, Tamil Nadu.
About the Melapalayam branch
The Melapalayam branch of Indian Overseas Bank is situated at 58,METHAMARPALAYAM 2ND STREET,MELAPALAYAM,TIRUNELVELI 627005. 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 IOBA0002372 is used.
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 MELAPALAYAM branch came to be assigned the code IOBA0002372.
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 IOBA0002372, money simply cannot be routed to the MELAPALAYAM branch electronically.
How to transfer money using IFSC IOBA0002372
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 IOBA0002372 across all three.
NEFT to Indian Overseas Bank, MELAPALAYAM using IFSC IOBA0002372
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 IOBA0002372, and confirm that the system picks up Indian Overseas Bank – MELAPALAYAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC IOBA0002372
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 – MELAPALAYAM, ensure your bank's portal accepts IFSC IOBA0002372 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Indian Overseas Bank – MELAPALAYAM, use IMPS. With IFSC IOBA0002372 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 IOBA0002372 for Indian Overseas Bank – MELAPALAYAM, 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 – IOBA0002372 | Yes – IOBA0002372 | Yes – IOBA0002372 |
For most retail customers crediting the Melapalayam 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 IOBA0002372
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 – MELAPALAYAM is still mapped to IFSC IOBA0002372. 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 IOBA0002372 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Melapalayam branch is mapped to IFSC IOBA0002372 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 IOBA0002372.
Products and services
Customers walking into the Melapalayam 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 IOBA0002372
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 IOBA0002372 and the account number together uniquely identify the Melapalayam branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC IOBA0002372
Indian Overseas Bank customers can register for net banking and the bank's official mobile app once their account at the MELAPALAYAM 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 IOBA0002372 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.
Common mistakes to avoid when using IFSC IOBA0002372
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 – MELAPALAYAM, 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:
IOBA0002372. - 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 Melapalayam branch
The branch is located at 58,METHAMARPALAYAM 2ND STREET,MELAPALAYAM,TIRUNELVELI 627005, which puts it inside Tirunelveli, 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 Melapalayam branch” — the verified location pin for IFSC IOBA0002372 should appear at the top of the results.
- Confirm the branch is open by calling 2350105 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 IOBA0002372 and your account number.
Verifying IFSC IOBA0002372 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 IOBA0002372 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2350105.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Melapalayam 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 IOBA0002372 continue to work without interruption.
Branch address & contact
Indian Overseas BankMelapalayam Branch
58,METHAMARPALAYAM 2ND STREET,MELAPALAYAM,TIRUNELVELI 627005
Tirunelveli, Tamil Nadu
Phone: 2350105
IFSC: IOBA0002372
Frequently asked questions
Is IFSC IOBA0002372 valid for NEFT and RTGS?
Yes. IFSC IOBA0002372 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using IOBA0002372 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Indian Overseas Bank – Melapalayam reflect within 30 minutes.
Does Indian Overseas Bank Melapalayam branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 2350105 to confirm.
What is the IFSC code of Indian Overseas Bank Melapalayam branch?
The IFSC code of Indian Overseas Bank, Melapalayam branch is IOBA0002372. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Indian Overseas Bank Melapalayam branch?
You can reach the branch at 2350105 during regular banking hours.
How do I add Indian Overseas Bank Melapalayam as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC IOBA0002372, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code IOBA0002372 belongs to Indian Overseas Bank's MELAPALAYAM branch, located at 58,METHAMARPALAYAM 2ND STREET,MELAPALAYAM,TIRUNELVELI 627005 in TIRUNELVELI, 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.
