Indian Overseas Bank Lucknow Lucknow Uttar Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Lucknow Lucknow Uttar Pradesh

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch 53 University Road Lucknow 226007
Contact
Bank Details Indian Overseas Bank 53 University Road Lucknow 226007 IOBA0001873
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226007
Country IN
Address 0522 - 2324291
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for 53 University Road Lucknow 226007 branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of IOB Bank, 53 University Road Lucknow 226007 branch makes the system almost error free and faster. Use of IOB Bank MICR codes for 53 University Road Lucknow 226007 branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank 53 University Road Lucknow 226007

Indian Overseas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IOB Bank MICR code for 53 University Road Lucknow 226007 is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Overseas Bank for 53 University Road Lucknow 226007 branch. MICR code for 53 University Road Lucknow 226007 branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for IOB Bank 53 University Road Lucknow 226007 is presented in the table alongside.

Use of IOB Bank MICR code for 53 University Road Lucknow 226007 branch in lucknow

The MICR code 0 is used in RBI cheque clearing process to identify the branch 53 University Road Lucknow 226007 and IOB Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Overseas Bank is typically in either of these two font’s: E-138 and CMC-7.

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