Indian Overseas Bank Ambala Cantt. Ambala Haryana MICR CODE

Find MICR Codes for Indian Overseas Bank Ambala Cantt. Ambala Haryana

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gmn College Ambala Cantt
Contact 0171 - 2632717
Bank Details Indian Overseas Bank Gmn College Ambala Cantt IOBA0001751
Location Ambala Cantt., Ambala
City Ambala Cantt.
District Ambala
State Haryana
Pincode 133001
Country IN
Address G.m.n. College, alexandra road ambala cantonment ambala pin : 133001
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 Gmn College Ambala Cantt 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, Gmn College Ambala Cantt branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Gmn College Ambala Cantt 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 -

>>Gmn College Ambala Cantt

MICR code for Indian Overseas Bank Gmn College Ambala Cantt

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 Gmn College Ambala Cantt 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 Gmn College Ambala Cantt branch. MICR code for Gmn College Ambala Cantt 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 Gmn College Ambala Cantt is presented in the table alongside.

Use of IOB Bank MICR code for Gmn College Ambala Cantt branch in ambala cantt.

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gmn College Ambala Cantt 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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