Indian Overseas Bank Bhiwani Bhiwani Haryana MICR CODE

Find MICR Codes for Indian Overseas Bank Bhiwani Bhiwani Haryana

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhiwani
Contact 01664 242122, 242559
Bank Details Indian Overseas Bank Bhiwani IOBA0000325
Location Bhiwani, Bhiwani
City Bhiwani
District Bhiwani
State Haryana
Pincode 125021
Country IN
Address Ghanta ghar chowk, bhiwani pin 125021
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 bhiwani

You can search through MICR Codes of Haryana branches in bhiwani of District bhiwani in Haryana 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 -

>>Bhiwani

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

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

IOB Bank MICR code in bhiwani

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