MICR Code Bank
Find MICR code for Indian Overseas Bank Dombivali branches in India for NEFT and RTGS transfer

Indian Overseas Bank Dombivali MICR CODE

Find MICR Codes for Indian Overseas Bank Dombivali

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  1. Indian Overseas Bank »
  2. Maharashtra »
  3. thane »
  4. dombivli »
  5. dombivali (west)

Find MICR Codes for Indian Overseas Bank Dombivali

MICR Code: -NA-
Bank: Indian Overseas Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Dombivali (West)
Contact:
Bank Details: Indian Overseas Bank Dombivali (West) IOBA0001895
Location: Dombivli, Thane
City: Dombivli
District: Thane
State: Maharashtra
Pincode: 421202
Country: IN
Address: First floor, sai paradise, ghanshyam gupte road, dombivali west, pin : 421202

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

A total of 2 branches of Indian Overseas Bank are available with micr code

>>Dombivali (West) >>Dombivilieast.

MICR code for Indian Overseas Bank dombivali

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 dombivali 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. is the MICR code of Overseas Bank for dombivali branch. MICR code for dombivali 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 dombivali is presented in the table alongside.

Use of IOB Bank MICR code for dombivali branch in dombivli

The MICR code is used in RBI cheque clearing process to identify the branch dombivali 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.