Indian Overseas Bank Gajapathinagaram Vizianagaram Andhra Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Gajapathinagaram Vizianagaram Andhra Pradesh

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MICR Code	-NA-
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	Gajapatinagaram
Contact
Bank Details	Indian Overseas Bank Gajapatinagaram IOBA0002483

Location	Gajapathinagaram, Vizianagaram
City	Gajapathinagaram
District	Vizianagaram
State	Andhra Pradesh
Pincode	536270
Country	IN
Address	Gajapathinagaram, door no 5-852/1, first floor, college road,new colony gajapathinagaram, vizanagatram dt,andhra pradesh 536270

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 0 for Gajapatinagaram 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 0 of IOB Bank, Gajapatinagaram branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Gajapatinagaram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Overseas Bank are available with micr code -

>>Gajapatinagaram

MICR code for Indian Overseas Bank Gajapatinagaram

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 Gajapatinagaram 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. 0 is the MICR code of Overseas Bank for Gajapatinagaram branch. MICR code for Gajapatinagaram 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 Gajapatinagaram is presented in the table alongside.

Use of IOB Bank MICR code for Gajapatinagaram branch in gajapathinagaram

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gajapatinagaram 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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