Indian Overseas Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code	-NA-
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	L B Nagar
Contact	040-23468872
Bank Details	Indian Overseas Bank L B Nagar IOBA0003275

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500074
Country	IN
Address	Plot-150 siddanthapu sbh colony venture ii lb nagar, hyderabad pin 500074

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 L B 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 0 of IOB Bank, L B Nagar branch makes the system almost error free and faster. Use of IOB Bank MICR codes for L B Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Indian Overseas Bank are available with micr code -

>>Asset Recovery Management Branch Hyderabad >>Bachupally >>Bagh Amberpet >>Banjara Hills >>Champapet >>Hyderabad Habsiguda >>Hyderabad Kphb >>Hyderabad Nbgm Office >>L B Nagar >>Large Corporate Hyderabad >>Mid Corporae Hyderabad >>Mla Colony >>Msme Processing Centre >>R.O.Hyderabad >>Retail Loan Processing Hyderabad

MICR code for Indian Overseas Bank L B 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 L B 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. 0 is the MICR code of Overseas Bank for L B Nagar branch. MICR code for L B 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 L B Nagar is presented in the table alongside.

Use of IOB Bank MICR code for L B Nagar branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch L B 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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