Indian Overseas Bank Piplod Surat Gujarat MICR CODE

Find MICR Codes for Indian Overseas Bank Piplod Surat Gujarat

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MICR Code	395020003
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	Piplod
Contact	0462 -2333252
Bank Details	Indian Overseas Bank Piplod IOBA0001938

Location	Piplod, Surat
City	Piplod
District	Surat
State	Gujarat
Pincode	395007
Country	IN
Address	Sanskrrut building, i floor, opp.iscon mall, dumas road, s u r a t 395007

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 395020003 for Piplod 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 395020003 of IOB Bank, Piplod branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Piplod branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Overseas Bank are available with micr code -

>>Piplod

MICR code for Indian Overseas Bank Piplod

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 Piplod 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. 395020003 is the MICR code of Overseas Bank for Piplod branch. MICR code for Piplod 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 Piplod is presented in the table alongside.

Use of IOB Bank MICR code for Piplod branch in piplod

The MICR code 395020003 is used in RBI cheque clearing process to identify the branch Piplod 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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