Indian Overseas Bank Sirkali Nagapattinam Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Sirkali Nagapattinam Tamil Nadu

↻ Reload
MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kollidam
Contact
Bank Details Indian Overseas Bank Kollidam IOBA0002833
Location Sirkali, Nagapattinam
City Sirkali
District Nagapattinam
State Tamil Nadu
Pincode 609102
Country IN
Address 7 159 main road, kollidam, sirkali tk, nagapattinam dist-609102
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 Kollidam 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, Kollidam branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Kollidam branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Kollidam >>Sirkali

MICR code for Indian Overseas Bank Kollidam

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 Kollidam 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 Kollidam branch. MICR code for Kollidam 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 Kollidam is presented in the table alongside.

Use of IOB Bank MICR code for Kollidam branch in sirkali

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

Copied!