Indian Overseas Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Overseas Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560020004
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	Bangalorecantonment
Contact	P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office, Phone-044-28519488, Email:Funds@iobnet.Co.In
Bank Details	Indian Overseas Bank Bangalorecantonment IOBA0000012

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560001
Country	IN
Address	43 central street bangalore -560001

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 560020004 for Bangalorecantonment 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 560020004 of IOB Bank, Bangalorecantonment branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Bangalorecantonment branch, makes the characters readable even if there are other marks and stamps on it.

A total of 53 branches of Indian Overseas Bank are available with micr code -

>>Appareddypalaya I.S.R.O.View. >>Banashankariiistage >>Bangalore City >>Bangalore Kothanur >>Bangalore Large Corporate >>Bangalore Mahalakshmipuram >>Bangalore Mid Corporate >>Bangalore Nbgm Office >>Bangalore Padmanabha Nagar >>Bangalore Sampaige Road >>Bangalorecantonment >>Bannerghattaroadbangalore >>Basavanagudi >>Bilekahalli >>Brooke Fields >>Central Business District >>Coxtown >>Devasandra >>Eastendmainroad.Bangalore >>Electronic City >>Hrbrlayout >>Hsr Layout Bangalore >>Hullahalli Ck Palya >>Indiranagarbangalore >>J.P.Nagar >>Jayanagar 7Thblock >>Jayanagarvblockbangalore >>Kanakanagara >>Kanakapuraroadbangalore >>Koramangalalayout >>Kumaraparkbangalore >>Machahalli >>Malleswaram >>Malleswaram >>Nagashettihalli >>Peenya Industrial Estate >>R.O.Bangalore >>R.T.Nagar >>Rajarajeshwarinagar >>Residencyroadbangalore >>Sahakarnagar >>Shantinagar >>Singanayakanahalli >>Sivanchettygarden >>Sme Processing Centre Bangalore >>Somanahalli >>Sunkadakatt >>Thathaguni >>Vellore >>Vidyaranyapura >>Vignananagar >>Vijayanagara >>Yelahanka

MICR code for Indian Overseas Bank Bangalorecantonment

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 Bangalorecantonment 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. 560020004 is the MICR code of Overseas Bank for Bangalorecantonment branch. MICR code for Bangalorecantonment 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 Bangalorecantonment is presented in the table alongside.

Use of IOB Bank MICR code for Bangalorecantonment branch in bangalore

The MICR code 560020004 is used in RBI cheque clearing process to identify the branch Bangalorecantonment 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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