IOBA0004097: Indian Overseas Bank, Loan Processing Centre
IFSC code IOBA0004097 belongs to the Loan Processing Centre branch of Indian Overseas Bank in Salem, Tamil Nadu.
- IFSC
- IOBA0004097
- MICR
- Not listed
- Branch
- Loan Processing Centre
- District
- Salem
- State
- Tamil Nadu
- Phone
- +914272448540
Branch address
Indian Overseas Bank
7/54 Ideal Garden Complex, 2nd Floor, Five Roads, Salem
Payment systems
| System | On RBI's list for this branch | What it is for |
|---|---|---|
| NEFT | Yes | Transfers of any amount, settled in half-hourly batches, all day |
| RTGS | Yes | Large transfers (₹2 lakh and above), settled one by one in real time |
| IMPS | Yes | Instant transfers, any time, usually for smaller amounts |
| UPI | Yes | Payments by UPI ID or mobile number from apps |
Reading this IFSC
IOBA is Indian Overseas Bank's bank code, the fifth character 0 is kept for future use, and 004097 is the code of the Loan Processing Centre branch.
Other Indian Overseas Bank branches in Salem
All 34 Indian Overseas Bank branches in Salem
IFSC and your loan
When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.
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Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.
The IFSC of Indian Overseas Bank's Loan Processing Centre branch (Salem, Tamil Nadu) is IOBA0004097.
7/54 Ideal Garden Complex, 2nd Floor, Five Roads, Salem
RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC IOBA0004097 with the beneficiary's account number.
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