Indian Overseas Bank Mayur Vihar New Delhi New Delhi MICR CODE

Find MICR Codes for Indian Overseas Bank Mayur Vihar New 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 Mayur Vihar
Contact 011 -22759854
Bank Details Indian Overseas Bank Mayur Vihar IOBA0001952
Location Mayur Vihar, New Delhi
City Mayur Vihar
District New Delhi
State New Delhi
Pincode 110091
Country IN
Address Plot no. 7 shri durgaji complex, pocket ii phase - i, mayur vihar delhi pin : 110091
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 Mayur Vihar 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, Mayur Vihar branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Mayur Vihar 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 -

>>Mayur Vihar

MICR code for Indian Overseas Bank Mayur Vihar

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 Mayur Vihar 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 Mayur Vihar branch. MICR code for Mayur Vihar 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 Mayur Vihar is presented in the table alongside.

Use of IOB Bank MICR code for Mayur Vihar branch in mayur vihar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mayur Vihar 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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