The Indian Ocean Geoid Low (IOGL) that spans a vast areal extent south of the Indian subcontinent is a spectacular feature on the Earth, whose origin still remains ambiguous. In this study, we investigate the seismic character of the lower mantle below this geoid low utilizing the travel time and amplitude residuals of high quality S and ScS phases from 207 earthquakes recorded at 276 stations in the epicentral distance range of 36°–90°. For comparison, we also perform a similar exercise for a region of geoid high in the vicinity. Results reveal large variations in the ScS travel times indicating that the lowermost mantle beneath the IOGL region is heterogeneous. The ScS-S differential travel times are ∼3s slower than those predicted by the IASP91 model, primarily due to velocity increase in the lowermost mantle beneath the IOGL region and ∼2s higher than the IASP91 beneath the geoid high region, due to velocity decrease in the lowermost mantle. The largest negative residuals from manual method (−7.72s) are concentrated below the IOGL. Iterative matching of differential travel time residuals reveals that the maximum positive and negative residuals can be explained in terms of a reduction in shear velocity of 0.9% and an increase of 1.6% respectively in a ∼1000km thick layer above the Core Mantle Boundary. Further, the ScS/S amplitude residuals beneath the IOGL are positive, implying high impedance contrast at the Core Mantle Boundary, owing to the presence of high velocity material. We attribute these high velocities to the presence of dehydrated high density slab graveyards atop the Core Mantle Boundary beneath the Indian Ocean. Release of water at the mid-to-upper mantle depths due to the dehydration of subducted slabs causing a reduction in density and velocity of the ambient mantle, could be responsible for the geoid low.