Indian Overseas Bank Bijapur Bijapur Karnataka MICR CODE

Find MICR Codes for Indian Overseas Bank Bijapur Bijapur Karnataka

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vijayapura Bijapur
Contact
Bank Details Indian Overseas Bank Vijayapura Bijapur IOBA0003735
Location Bijapur, Bijapur
City Bijapur
District Bijapur
State Karnataka
Pincode 586101
Country IN
Address Aishwarya nagar ashram rd bagalkotkar layout vijayapura bijapur 586101
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 bijapur

You can search through MICR Codes of Karnataka branches in bijapur of District bijapur in Karnataka 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 -

>>Vijayapura Bijapur

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

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

IOB Bank MICR code in bijapur

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