Indian Overseas Bank Nellore Nellore Andhra Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Nellore Nellore Andhra Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

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	Nellore Magunta Layout
Contact	0866-2484913
Bank Details	Indian Overseas Bank Nellore Magunta Layout IOBA0002627

Location	Nellore, Nellore
City	Nellore
District	Nellore
State	Andhra Pradesh
Pincode	517502
Country	IN
Address	Flat no 853 d no 24-7-48 mini bypass road annamaiah circle magunta layout nellore 517502

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

A total of 5 branches of Indian Overseas Bank are available with micr code -

>>Auto Nagar Nellore >>Nellore >>Nellore Magunta Layout >>Nellore Poga Thota >>Sujathamma Colony

MICR code for Indian Overseas Bank Nellore Magunta Layout

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 Nellore Magunta Layout 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 Nellore Magunta Layout branch. MICR code for Nellore Magunta Layout 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 Nellore Magunta Layout is presented in the table alongside.

Use of IOB Bank MICR code for Nellore Magunta Layout branch in nellore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nellore Magunta Layout 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!