MICR Code Bank
Find MICR code for Indian Overseas Bank Sembatti branches in India for NEFT and RTGS transfer

Indian Overseas Bank Sembatti MICR CODE

Find MICR Codes for Indian Overseas Bank Sembatti

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  1. Indian Overseas Bank »
  2. Tamil Nadu »
  3. madurai »
  4. sembatti (pachamalayan kottai) »
  5. sembatti (pachamalayan kottai)

Find MICR Codes for Indian Overseas Bank Sembatti

MICR Code: -NA-
Bank: Indian Overseas Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Sembatti (Pachamalayan Kottai)
Contact: 0451 -2556404
Bank Details: Indian Overseas Bank Sembatti (Pachamalayan Kottai) IOBA0000910
Location: Sembatti (Pachamalayan Kottai), Madurai
City: Sembatti (Pachamalayan Kottai)
District: Madurai
State: Tamil Nadu
Pincode: 624707
Country: IN
Address: 1/117 madurai road sembatti pin : 624707

How does MICR code for sembatti 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 of IOB Bank, sembatti branch makes the system almost error free and faster. Use of IOB Bank MICR codes for sembatti 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

>>Sembatti (Pachamalayan Kottai)

MICR code for Indian Overseas Bank sembatti

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

Use of IOB Bank MICR code for sembatti branch in sembatti (pachamalayan kottai)

The MICR code is used in RBI cheque clearing process to identify the branch sembatti 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.