Indian Overseas Bank Lucknow Kanpur Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Lucknow Kanpur Nagar Uttar Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	208020005
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	Lohia Machine Tools Ltd. Kanpur
Contact	0512-2691385
Bank Details	Indian Overseas Bank Lohia Machine Tools Ltd. Kanpur IOBA0001786

Location	Lucknow, Kanpur Nagar
City	Lucknow
District	Kanpur Nagar
State	Uttar Pradesh
Pincode	208022
Country	IN
Address	C-10, panki indl. Est. Kanpur 2, lohia machines ltd,kanpur ,pin : 208022

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.

Indian Overseas Bank »
Uttar Pradesh »
Kanpur Nagar »
Lucknow »
Lohia Machine Tools Ltd. Kanpur (208020005)

How does MICR code 208020005 for Lohia Machine Tools Ltd. Kanpur 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 208020005 of IOB Bank, Lohia Machine Tools Ltd. Kanpur branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Lohia Machine Tools Ltd. Kanpur 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 -

>>Lohia Machine Tools Ltd. Kanpur

MICR code for Indian Overseas Bank Lohia Machine Tools Ltd. Kanpur

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 Lohia Machine Tools Ltd. Kanpur 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. 208020005 is the MICR code of Overseas Bank for Lohia Machine Tools Ltd. Kanpur branch. MICR code for Lohia Machine Tools Ltd. Kanpur 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 Lohia Machine Tools Ltd. Kanpur is presented in the table alongside.

Use of IOB Bank MICR code for Lohia Machine Tools Ltd. Kanpur branch in lucknow

The MICR code 208020005 is used in RBI cheque clearing process to identify the branch Lohia Machine Tools Ltd. Kanpur 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!