Indian Overseas Bank Palacode Dharmapuri Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Palacode Dharmapuri 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 Palacode
Contact
Bank Details Indian Overseas Bank Palacode IOBA0002782
Location Palacode, Dharmapuri
City Palacode
District Dharmapuri
State Tamil Nadu
Pincode 636808
Country IN
Address No.12 kasarkuli road,maidaanam,palakkodu -636808.dharmapuri dt.
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 dharmapuri

You can search through MICR Codes of Tamil Nadu branches in palacode of District dharmapuri 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 -

>>Palacode

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

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

IOB Bank MICR code in palacode

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