Indian Overseas Bank Kalkulam Kanyakumari Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Kalkulam Kanyakumari Tamil Nadu

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Arumanai
Contact 04652-232665
Bank Details Indian Overseas Bank Arumanai IOBA0003379
Location Kalkulam, Kanyakumari
City Kalkulam
District Kanyakumari
State Tamil Nadu
Pincode 629151
Country IN
Address Nedumkulam junction, arumanai-629151
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 Arumanai 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, Arumanai branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Arumanai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Overseas Bank are available with micr code -

>>Arumanai >>Kollarai Pinamthode

MICR code for Indian Overseas Bank Arumanai

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 Arumanai 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 Arumanai branch. MICR code for Arumanai 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 Arumanai is presented in the table alongside.

Use of IOB Bank MICR code for Arumanai branch in kalkulam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Arumanai 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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