Indian Overseas Bank Bhadrak Bhadrak Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Bhadrak Bhadrak Orissa

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	756020507
Bank	Indian Overseas Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Akhandalamani
Contact	234040
Bank Details	Indian Overseas Bank Akhandalamani IOBA0003795

Location	Bhadrak, Bhadrak
City	Bhadrak
District	Bhadrak
State	Orissa
Pincode	756138
Country	IN
Address	Plot no 857 1569 at po aradi via dhusuri pin code 756138

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 756020507 for Akhandalamani 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 756020507 of IOB Bank, Akhandalamani branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Akhandalamani branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Indian Overseas Bank are available with micr code -

>>Akhandalamani >>Bhadrak >>Gujidarada

MICR code for Indian Overseas Bank Akhandalamani

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 Akhandalamani 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. 756020507 is the MICR code of Overseas Bank for Akhandalamani branch. MICR code for Akhandalamani 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 Akhandalamani is presented in the table alongside.

Use of IOB Bank MICR code for Akhandalamani branch in bhadrak

The MICR code 756020507 is used in RBI cheque clearing process to identify the branch Akhandalamani 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.

Copied!