Indian Overseas Bank Bagbahara Mahasamund Chhattisgarh MICR CODE

Find MICR Codes for Indian Overseas Bank Bagbahara Mahasamund Chhattisgarh

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sacb Bagbahara
Contact 0771 2583913
Bank Details Indian Overseas Bank Sacb Bagbahara IOBA0003387
Location Bagbahara, Mahasamund
City Bagbahara
District Mahasamund
State Chhattisgarh
Pincode 493449
Country IN
Address Main road , bagbahara , mahasamund, pin- 493449,chhattisgarh
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.

Search Indian Overseas Bank MICR Codes in mahasamund

You can search through MICR Codes of Chhattisgarh branches in bagbahara of District mahasamund in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Sacb Bagbahara

How to find MICR codes for Indian Overseas Bank in bagbahara?

Indian Overseas Bank bagbahara MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IOB Bank MICR codes list for bagbahara, one can further search by branch name specified in the table. You can find MICR codes for all Indian Overseas Bank bagbahara branches.

IOB Bank MICR code in bagbahara

Indian Overseas Bank MICR code is a character recognition technology used by banks in the processing of cheques. IOB Bank MICR code for bagbahara branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Overseas Bank branches in bagbahara, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Overseas Bank MICR code for bagbahara branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Overseas Bank bagbahara branch, sprinted 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. Thus MICR code for IOB Bank bagbahara branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Overseas Bank MICR codes for bagbahara branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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