Indian Overseas Bank Dombivli Thane Maharashtra MICR CODE

Find MICR Codes for Indian Overseas Bank Dombivli Thane Maharashtra

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MICR Code	400020030
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	Dombivilieast.
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 Dombivilieast. IOBA0000885

Location	Dombivli, Thane
City	Dombivli
District	Thane
State	Maharashtra
Pincode	421201
Country	IN
Address	Patil bhavan, dr rath, opp. Dombivili rly stn, dombivili mumbai pin : 421201

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 400020030 for Dombivilieast. 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 400020030 of IOB Bank, Dombivilieast. branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Dombivilieast. 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 Dombivilieast.

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 Dombivilieast. 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. 400020030 is the MICR code of Overseas Bank for Dombivilieast. branch. MICR code for Dombivilieast. 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 Dombivilieast. is presented in the table alongside.

Use of IOB Bank MICR code for Dombivilieast. branch in dombivli

The MICR code 400020030 is used in RBI cheque clearing process to identify the branch Dombivilieast. 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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