Indian Overseas Bank Tirunelveli Tirunelveli Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Tirunelveli Tirunelveli Tamil Nadu

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MICR Code	627020254
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	Palayamkottai
Contact	P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office, Phone-044-28519488, Email:Funds@iobnet.Co.In
Bank Details	Indian Overseas Bank Palayamkottai IOBA0000067

Location	Tirunelveli, Tirunelveli
City	Tirunelveli
District	Tirunelveli
State	Tamil Nadu
Pincode	627002
Country	IN
Address	124 thiruvananthapuram road palayamkottai tirunelveli 62700002

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 627020254 for Palayamkottai 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 627020254 of IOB Bank, Palayamkottai branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Palayamkottai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Indian Overseas Bank are available with micr code -

>>Aravind Eye Hospital >>High Ground >>Ilanji >>Kallidaikurichi >>Maharajanagar Colony >>Meenakshipuram >>Palayamkottai >>Perumalpuram >>Pettai Tirunelveli >>Tirunelveli District Court >>Tirunelveli Junction >>Tirunelveli Town

MICR code for Indian Overseas Bank Palayamkottai

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 Palayamkottai 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. 627020254 is the MICR code of Overseas Bank for Palayamkottai branch. MICR code for Palayamkottai 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 Palayamkottai is presented in the table alongside.

Use of IOB Bank MICR code for Palayamkottai branch in tirunelveli

The MICR code 627020254 is used in RBI cheque clearing process to identify the branch Palayamkottai 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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