Indian Overseas Bank Jamshedpur Paschimi Singhbhum Jharkhand MICR CODE

Find MICR Codes for Indian Overseas Bank Jamshedpur Paschimi Singhbhum Jharkhand

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MICR Code	831020004
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	Baridih
Contact	0657 -2210886
Bank Details	Indian Overseas Bank Baridih IOBA0001511

Location	Jamshedpur, Paschimi Singhbhum
City	Jamshedpur
District	Paschimi Singhbhum
State	Jharkhand
Pincode	831017
Country	IN
Address	Mercy hospital baridih, jamshedpur pin : 831017

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 831020004 for Baridih 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 831020004 of IOB Bank, Baridih branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Baridih branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Overseas Bank are available with micr code -

>>Baridih >>Sakchi

MICR code for Indian Overseas Bank Baridih

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 Baridih 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. 831020004 is the MICR code of Overseas Bank for Baridih branch. MICR code for Baridih 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 Baridih is presented in the table alongside.

Use of IOB Bank MICR code for Baridih branch in jamshedpur

The MICR code 831020004 is used in RBI cheque clearing process to identify the branch Baridih 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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