Indian Overseas Bank Jashpur Nagar Jashpur Nagar Chhattisgarh MICR CODE

Find MICR Codes for Indian Overseas Bank Jashpur Nagar Jashpur Nagar Chhattisgarh

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MICR Code	496020051
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	Gamhariya Branch
Contact	3980606
Bank Details	Indian Overseas Bank Gamhariya Branch IOBA0003779

Location	Jashpur Nagar, Jashpur Nagar
City	Jashpur Nagar
District	Jashpur Nagar
State	Chhattisgarh
Pincode	496331
Country	IN
Address	Plot no 628 16, nh 43 raigarh road,++vill gamhariya, dist jashpur 496331

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 496020051 for Gamhariya Branch 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 496020051 of IOB Bank, Gamhariya Branch branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Gamhariya Branch 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 -

>>Gamhariya Branch

MICR code for Indian Overseas Bank Gamhariya Branch

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 Gamhariya Branch 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. 496020051 is the MICR code of Overseas Bank for Gamhariya Branch branch. MICR code for Gamhariya Branch 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 Gamhariya Branch is presented in the table alongside.

Use of IOB Bank MICR code for Gamhariya Branch branch in jashpur nagar

The MICR code 496020051 is used in RBI cheque clearing process to identify the branch Gamhariya Branch 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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