Indian Overseas Bank Cuttack Cuttak Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Cuttack Cuttak Orissa

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Barabati Stadium
Contact 0671 2300270
Bank Details Indian Overseas Bank Barabati Stadium IOBA0001821
Location Cuttack, Cuttak
City Cuttack
District Cuttak
State Orissa
Pincode 753005
Country IN
Address Room no g 4 / 109,boat gate, barabati stadium, cantonment road, cuttack, pin : 753005
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 753020004 for Barabati Stadium 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 753020004 of IOB Bank, Barabati Stadium branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Barabati Stadium branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Indian Overseas Bank are available with micr code -

>>Barabati Stadium >>Cuttack >>Haripur Road >>Jobra Cuttack

MICR code for Indian Overseas Bank Barabati Stadium

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 Barabati Stadium 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. 753020004 is the MICR code of Overseas Bank for Barabati Stadium branch. MICR code for Barabati Stadium 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 Barabati Stadium is presented in the table alongside.

Use of IOB Bank MICR code for Barabati Stadium branch in cuttack

The MICR code 753020004 is used in RBI cheque clearing process to identify the branch Barabati Stadium 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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