Indian Overseas Bank — STARTUP BRANCH - CHENNAI Branch

About Indian Overseas Bank — STARTUP BRANCH - CHENNAI Branch

Indian Overseas Bank STARTUP BRANCH - CHENNAI branch is located in CHENNAI, CHENNAI district, TAMIL NADU. The IFSC code for this branch is IOBA0003839. This code is essential for all electronic fund transfers including NEFT, RTGS, and IMPS transactions. Whether you are sending money online, setting up auto-pay mandates, or linking your bank account to UPI apps, you will need this IFSC code.

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to every bank branch participating in electronic funds transfer. The first four characters (IOBA) identify Indian Overseas Bank, the fifth character is always 0 (reserved for future use), and the last six characters (003839) uniquely identify the STARTUP BRANCH - CHENNAI branch.

This code was introduced by RBI to facilitate electronic payment systems and is mandatory for NEFT, RTGS, and IMPS transactions across India.

MICR Code — 600020005

The MICR (Magnetic Ink Character Recognition) code for Indian Overseas Bank STARTUP BRANCH - CHENNAI branch is 600020005. MICR is a 9-digit code printed on cheques using special magnetic ink. The first 3 digits represent the city, next 3 identify the bank, and last 3 identify the branch. This technology enables faster cheque processing through automated clearing houses across India.

How to Use IFSC Code IOBA0003839

NEFT Transfer

Use IFSC code IOBA0003839 to send money via NEFT (National Electronic Funds Transfer). NEFT operates in half-hourly batches 24×7 since December 2019. There is no minimum or maximum transaction limit. Funds are typically credited within 2 hours.

RTGS Transfer

For high-value transfers above ₹2 lakh, use RTGS (Real Time Gross Settlement) with this IFSC code. RTGS provides real-time settlement and operates from 7:00 AM to 6:00 PM on working days. The minimum amount is ₹2 lakh with no upper limit.

IMPS Transfer

IMPS (Immediate Payment Service) allows instant 24×7×365 money transfers using IFSC code IOBA0003839. The current transaction limit is ₹5 lakh per transaction, making it ideal for urgent payments.

UPI Payments

While UPI uses VPA (Virtual Payment Address) for transactions, the underlying bank account linked to your UPI ID is associated with this branch and its IFSC code IOBA0003839. You can find your IFSC code in your UPI app under account details.

Banking Services at STARTUP BRANCH - CHENNAI Branch

Indian Overseas Bank STARTUP BRANCH - CHENNAI branch typically offers a comprehensive range of banking services: savings and current accounts, fixed deposits (FD), recurring deposits (RD), home loans, personal loans, vehicle loans, education loans, credit and debit cards, internet banking, mobile banking, safe deposit lockers, foreign exchange services, insurance products, and investment advisory services.

Most Indian Overseas Bank branches operate from Monday to Saturday (except 2nd and 4th Saturday). Working hours are generally 10:00 AM to 4:00 PM, though this may vary by location.

Indian Overseas Bank in CHENNAI, TAMIL NADU

The STARTUP BRANCH - CHENNAI branch serves customers in CHENNAI and the wider CHENNAI district of TAMIL NADU. As one of India's leading banks, Indian Overseas Bank maintains a strong presence across TAMIL NADU with multiple branches and ATMs to serve millions of customers.

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