Indian Overseas Bank Bokaro Steel City Bokaro Jharkhand MICR CODE

Find MICR Codes for Indian Overseas Bank Bokaro Steel City Bokaro Jharkhand

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 9 Bokaro Steel City
Contact 06542 -264360
Bank Details Indian Overseas Bank Sector 9 Bokaro Steel City IOBA0001839
Location Bokaro Steel City, Bokaro
City Bokaro Steel City
District Bokaro
State Jharkhand
Pincode 827009
Country IN
Address Sector 9 a "b" road bokaro steel city pin : 827009
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 bokaro

You can search through MICR Codes of Jharkhand branches in bokaro steel city of District bokaro in Jharkhand 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 -

>>Sector 9 Bokaro Steel City

How to find MICR codes for Indian Overseas Bank in bokaro steel city?

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

IOB Bank MICR code in bokaro steel city

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