Indian Overseas Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indian Overseas Bank New Delhi 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 Rlpc Delhi
Contact 11-25740277
Bank Details Indian Overseas Bank Rlpc Delhi IOBA0003851
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode
Country IN
Address 2, rajendra place, first floor, rachna building, pusa road, new delhi
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 new delhi

You can search through MICR Codes of New Delhi branches in new delhi of District new delhi in New Delhi 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 -

>>Rlpc Delhi

How to find MICR codes for Indian Overseas Bank in new delhi?

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

IOB Bank MICR code in new delhi

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