Indian Overseas Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indian Overseas Bank Ahmedabad Ahmedabad Gujarat

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MICR Code	380020016
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	Prahalad Nagar
Contact	079 29096047
Bank Details	Indian Overseas Bank Prahalad Nagar IOBA0001924

Location	Ahmedabad, Ahmedabad
City	Ahmedabad
District	Ahmedabad
State	Gujarat
Pincode	380015
Country	IN
Address	Ugf - 1 riviera arcade, near auda garden, 100 feet road, prahalad nagar, ahmedabad, pin : 380015

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 380020016 for Prahalad Nagar 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 380020016 of IOB Bank, Prahalad Nagar branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Prahalad Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Indian Overseas Bank are available with micr code -

>>Ahmedabad Air Force Station >>Ahmedabad C G Road >>Ashramroad Ahmedabad >>Asset Recovery Management Branch >>Gitamandirroad >>Hansol >>Kalupurcircle.Ahmedabad. >>Naranpuraahmedabad >>Naroda >>Prahalad Nagar >>Reliefroadahmedabad >>Sabarmati >>Sarangpurchakla.Ahmedabad >>Satellite Ahmedabad >>Stadiumroadahmedabad >>Thaltej >>Vastrapur >>Viramgam

MICR code for Indian Overseas Bank Prahalad Nagar

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 Prahalad Nagar 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. 380020016 is the MICR code of Overseas Bank for Prahalad Nagar branch. MICR code for Prahalad Nagar 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 Prahalad Nagar is presented in the table alongside.

Use of IOB Bank MICR code for Prahalad Nagar branch in ahmedabad

The MICR code 380020016 is used in RBI cheque clearing process to identify the branch Prahalad Nagar 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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