Indian Overseas Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Indian Overseas Bank Delhi Delhi New Delhi

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kirti Nagar
Contact 011-25757147
Bank Details Indian Overseas Bank Kirti Nagar IOBA0002964
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110015
Country IN
Address Kirti nagar, gf & basement, i-107 a, kiriti nagar, new delhi -110015
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 110020133 for Kirti Nagar 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 110020133 of IOB Bank, Kirti Nagar branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Kirti Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank Kirti Nagar

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 Kirti Nagar 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. 110020133 is the MICR code of Overseas Bank for Kirti Nagar branch. MICR code for Kirti Nagar 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 Kirti Nagar is presented in the table alongside.

Use of IOB Bank MICR code for Kirti Nagar branch in delhi

The MICR code 110020133 is used in RBI cheque clearing process to identify the branch Kirti Nagar 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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