Indian Overseas Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Indian Overseas Bank Mumbai Mumbai Maharashtra

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MICR Code	400020028
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	Borivli(West) Mumbai
Contact	P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office, Phone-044-28519488, Email:Funds@iobnet.Co.In
Bank Details	Indian Overseas Bank Borivli(West) Mumbai IOBA0000584

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400092
Country	IN
Address	Rajesh apartments chandavarkar road,borivili (west) mumbai pin : 400092

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 400020028 for Borivli(West) Mumbai 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 400020028 of IOB Bank, Borivli(West) Mumbai branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Borivli(West) Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 48 branches of Indian Overseas Bank are available with micr code -

>>Andheri West Mumbai >>Asset Recovery Management >>Bandra(West) Mumbai >>Bandup >>Borivli(West) Mumbai >>Breach Candy Mumbai >>Byculla Mumbai >>Chakala Mumbai >>Cheddanagar >>Chembur >>Dadar Mumbai >>Delisle Road Mumbai >>Fort >>Garodia Nagar Mumbai >>Ghatkopar Mumbai >>Irla >>Iskcon Mumbai >>Jogeshwari >>Juhu Mumbai. >>Kala Ghoda >>Kalbadevi Road Mumbai. >>Kalyan >>Kandivli Mumbai >>Khar Mumbai >>Koliwada Sion Mumbai >>Koparkhairane >>Mahim Mumbai. >>Malad (West) Mumbai >>Mandvi Mumbai >>Matunga >>Medical Research Centre >>Mumbai Budhkar Marg Worli >>Mumbai Goregaon >>Mumbai Kandivali (West) >>Nand Jyot Industrial Estate >>Nariman Point Mumbai >>New Marine Lines Mumbai >>Opera House Mumbai >>Pali Hill Bandra West. >>Sanpada >>Santa Cruz Mumbai >>Sion East Mumbai >>Thane >>Vashi >>Vashi Shivaji Chowk >>Vile Parle East Mumbai >>Wadala Mumbai >>Worli Mumbai

MICR code for Indian Overseas Bank Borivli(West) Mumbai

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 Borivli(West) Mumbai 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. 400020028 is the MICR code of Overseas Bank for Borivli(West) Mumbai branch. MICR code for Borivli(West) Mumbai 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 Borivli(West) Mumbai is presented in the table alongside.

Use of IOB Bank MICR code for Borivli(West) Mumbai branch in mumbai

The MICR code 400020028 is used in RBI cheque clearing process to identify the branch Borivli(West) Mumbai 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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