Indian Overseas Bank Mayiladuthurai Mayiladuthurai Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Mayiladuthurai Mayiladuthurai Tamil Nadu

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MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch District Collectorate Mayiladuthurai
Contact 91-9677314507
Bank Details Indian Overseas Bank District Collectorate Mayiladuthurai IOBA0003863
Location Mayiladuthurai, Mayiladuthurai
City Mayiladuthurai
District Mayiladuthurai
State Tamil Nadu
Pincode
Country IN
Address Palpannai-mannampandhal
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 mayiladuthurai

You can search through MICR Codes of Tamil Nadu branches in mayiladuthurai of District mayiladuthurai in Tamil Nadu State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Indian Overseas Bank are available with micr code -

>>District Collectorate Mayiladuthurai

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

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

IOB Bank MICR code in mayiladuthurai

Indian Overseas Bank MICR code is a character recognition technology used by banks in the processing of cheques. IOB Bank MICR code for mayiladuthurai 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 mayiladuthurai, 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 mayiladuthurai 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 mayiladuthurai 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 mayiladuthurai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Overseas Bank MICR codes for mayiladuthurai 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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