Indian Overseas Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Indian Overseas Bank Ahmedabad Ahmedabad Gujarat

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MICR Code	380020014
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	Satellite Ahmedabad
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 Satellite Ahmedabad IOBA0001418

Location	Ahmedabad, Ahmedabad
City	Ahmedabad
District	Ahmedabad
State	Gujarat
Pincode	380054
Country	IN
Address	1 akash building, g.f. Judges' bunglow road, satellite ahmedabad pin : 380054

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 380020014 for Satellite Ahmedabad 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 380020014 of IOB Bank, Satellite Ahmedabad branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Satellite Ahmedabad 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 Satellite Ahmedabad

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 Satellite Ahmedabad 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. 380020014 is the MICR code of Overseas Bank for Satellite Ahmedabad branch. MICR code for Satellite Ahmedabad 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 Satellite Ahmedabad is presented in the table alongside.

Use of IOB Bank MICR code for Satellite Ahmedabad branch in ahmedabad

The MICR code 380020014 is used in RBI cheque clearing process to identify the branch Satellite Ahmedabad 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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