Indian Overseas Bank Bannur Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Bannur Kurnool Andhra Pradesh

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bannur
Contact 958227 -275678
Bank Details Indian Overseas Bank Bannur IOBA0000421
Location Bannur, Kurnool
City Bannur
District Kurnool
State Andhra Pradesh
Pincode 571101
Country IN
Address Dr b mude gowda bldg srinivasa car street bannur pin : 571101
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 kurnool

You can search through MICR Codes of Andhra Pradesh branches in bannur of District kurnool in Andhra Pradesh 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 -

>>Bannur

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

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

IOB Bank MICR code in bannur

Indian Overseas Bank MICR code is a character recognition technology used by banks in the processing of cheques. IOB Bank MICR code for bannur 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 bannur, 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 bannur 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 bannur 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 bannur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Overseas Bank MICR codes for bannur 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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