Indian Overseas Bank Auraiya Auraiya Uttar Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Auraiya Auraiya Uttar Pradesh

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MICR Code	-NA-
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	Auraiya
Contact	2602277
Bank Details	Indian Overseas Bank Auraiya IOBA0003638

Location	Auraiya, Auraiya
City	Auraiya
District	Auraiya
State	Uttar Pradesh
Pincode	206122
Country	IN
Address	Mohalla banarasi das,neat district court,fafund road,auraiya 206122

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

A total of 1 branches of Indian Overseas Bank are available with micr code -

>>Auraiya

MICR code for Indian Overseas Bank Auraiya

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

Use of IOB Bank MICR code for Auraiya branch in auraiya

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