Indian Overseas Bank Gudur Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Gudur Nellore Andhra Pradesh

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chennur
Contact 08624-224223
Bank Details Indian Overseas Bank Chennur IOBA0000322
Location Gudur, Nellore
City Gudur
District Nellore
State Andhra Pradesh
Pincode 524406
Country IN
Address 378 main bazaar gudur mandal chennur pin 524406
MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gudur
Contact Phone 08624 251632
Bank Details Indian Overseas Bank Gudur IOBA0000402
Location Gudur, Nellore
City Gudur
District Nellore
State Andhra Pradesh
Pincode 524101
Country IN
Address 9/203, raja street, gudur pin 524101
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.

Search Indian Overseas Bank MICR Codes in nellore

You can search through MICR Codes of Andhra Pradesh branches in gudur of District nellore in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Chennur >>Gudur

How to find MICR codes for Indian Overseas Bank in gudur?

Indian Overseas Bank gudur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IOB Bank MICR codes list for gudur, one can further search by branch name specified in the table. You can find MICR codes for all Indian Overseas Bank gudur branches.

IOB Bank MICR code in gudur

Indian Overseas Bank MICR code is a character recognition technology used by banks in the processing of cheques. IOB Bank MICR code for gudur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Overseas Bank branches in gudur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Overseas Bank MICR code for gudur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Overseas Bank gudur branch, sprinted 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. Thus MICR code for IOB Bank gudur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Overseas Bank MICR codes for gudur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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