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 57 748 And 60 750 Subarna Bhavan 2 1 2 Mile Sevoke Road Siliguri Dist Darjeeling Pin 734401 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 57 748 And 60 750 Subarna Bhavan 2 1 2 Mile Sevoke Road Siliguri Dist Darjeeling Pin 734401 branch. MICR code for 57 748 And 60 750 Subarna Bhavan 2 1 2 Mile Sevoke Road Siliguri Dist Darjeeling Pin 734401 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 57 748 And 60 750 Subarna Bhavan 2 1 2 Mile Sevoke Road Siliguri Dist Darjeeling Pin 734401 is presented in the table alongside.
The MICR code 0 is used in RBI cheque clearing process to identify the branch 57 748 And 60 750 Subarna Bhavan 2 1 2 Mile Sevoke Road Siliguri Dist Darjeeling Pin 734401 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.