Indian Overseas Bank Pondicherry Pondicherry Pondicherry MICR CODE

Find MICR Codes for Indian Overseas Bank Pondicherry Pondicherry Pondicherry

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MICR Code	605020004
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	Reddiyarpalayam
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 Reddiyarpalayam IOBA0001529

Location	Pondicherry, Pondicherry
City	Pondicherry
District	Pondicherry
State	Pondicherry
Pincode	605010
Country	IN
Address	2, church street, reddiyarpalayam, pondicherry 605 010.

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 605020004 for Reddiyarpalayam 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 605020004 of IOB Bank, Reddiyarpalayam branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Reddiyarpalayam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Indian Overseas Bank are available with micr code -

>>100 Feet Road Pondicherry >>Cbo Pondicherry >>Embalam >>Kadirkamam >>Municipal Campus >>Muthialpet Pondiche >>Orleanpet >>Pondicherry Main >>Puducherry Mission Street >>R.O.Pondicherry >>Reddiyarpalayam >>Thavalakuppam >>Tirubuvanai Industrial Estate

MICR code for Indian Overseas Bank Reddiyarpalayam

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 Reddiyarpalayam 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. 605020004 is the MICR code of Overseas Bank for Reddiyarpalayam branch. MICR code for Reddiyarpalayam 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 Reddiyarpalayam is presented in the table alongside.

Use of IOB Bank MICR code for Reddiyarpalayam branch in pondicherry

The MICR code 605020004 is used in RBI cheque clearing process to identify the branch Reddiyarpalayam 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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