Indian Overseas Bank Surampatty Erode Tamil Nadu MICR CODE

Find MICR Codes for Indian Overseas Bank Surampatty Erode Tamil Nadu

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MICR Code	638020002
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	Surampatti
Contact	P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office,
Bank Details	Indian Overseas Bank Surampatti IOBA0001015

Location	Surampatty, Erode
City	Surampatty
District	Erode
State	Tamil Nadu
Pincode	638011
Country	IN
Address	72, perundurai road, surampatti, erode, surampatti, 638011

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 638020002 for Surampatti 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 638020002 of IOB Bank, Surampatti branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Surampatti branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Indian Overseas Bank are available with micr code -

>>District Court Branch Surampatti >>Surampatti

MICR code for Indian Overseas Bank Surampatti

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 Surampatti 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. 638020002 is the MICR code of Overseas Bank for Surampatti branch. MICR code for Surampatti 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 Surampatti is presented in the table alongside.

Use of IOB Bank MICR code for Surampatti branch in surampatty

The MICR code 638020002 is used in RBI cheque clearing process to identify the branch Surampatti 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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