Indian Overseas Bank Thanjavur Thanjavur Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Thanjavur Thanjavur 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 Periyar Maniammai University
Contact 04362 264888
Bank Details Indian Overseas Bank Periyar Maniammai University IOBA0001961
Location Thanjavur, Thanjavur
City Thanjavur
District Thanjavur
State Tamil Nadu
Pincode 613403
Country IN
Address Periyar maniammai university campus, pillaiyarpatti, pin : 613403
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 Periyar Maniammai University 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, Periyar Maniammai University branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Periyar Maniammai University branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank Periyar Maniammai University

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 Periyar Maniammai University 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 Periyar Maniammai University branch. MICR code for Periyar Maniammai University 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 Periyar Maniammai University is presented in the table alongside.

Use of IOB Bank MICR code for Periyar Maniammai University branch in thanjavur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Periyar Maniammai University 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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