Indian Overseas Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Coimbatore Coimbotore Tamil Nadu

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MICR Code	641020005
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	Coimbatore Ganapathy
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 Coimbatore Ganapathy IOBA0000613

Location	Coimbatore, Coimbotore
City	Coimbatore
District	Coimbotore
State	Tamil Nadu
Pincode	641006
Country	IN
Address	Sathy road ganapathy coimbatore pin : 641006

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 641020005 for Coimbatore Ganapathy 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 641020005 of IOB Bank, Coimbatore Ganapathy branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Coimbatore Ganapathy branch, makes the characters readable even if there are other marks and stamps on it.

A total of 26 branches of Indian Overseas Bank are available with micr code -

>>Aravind Eye Hospital >>Coimbatore Big Bazaar >>Coimbatore Dist Court Ec >>Coimbatore Dr.Nanjappa Rd >>Coimbatore Ganapathy >>Coimbatore Gandhipuram >>Coimbatore Kurudampalayam >>Coimbatore Oppnakara St. >>Coimbatore Peelamedu Ind. >>Coimbatore R.S.Puram >>Coimbatore Ramalinga Nagar >>Coimbatore Uppilipalayampark Square >>Edayarpalayam >>Karpagam College E.C >>Kongunadu Arts And Science College >>Kotahgiri >>Kovaipudur >>Kurichi >>Mettupalayam Road >>Race Course Coimbatore >>Ramnagar Coimbatore >>Red Fields Branch >>Roots Industries E.C. >>Saravanampatti >>Sulur >>Thennampalayam

MICR code for Indian Overseas Bank Coimbatore Ganapathy

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 Coimbatore Ganapathy 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. 641020005 is the MICR code of Overseas Bank for Coimbatore Ganapathy branch. MICR code for Coimbatore Ganapathy 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 Coimbatore Ganapathy is presented in the table alongside.

Use of IOB Bank MICR code for Coimbatore Ganapathy branch in coimbatore

The MICR code 641020005 is used in RBI cheque clearing process to identify the branch Coimbatore Ganapathy 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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