Indian Overseas Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Indian Overseas Bank Surat Surat Gujarat

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State
District
City
Branch
Address

MICR Code	-NA-
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	Varachha
Contact	91-8002455496
Bank Details	Indian Overseas Bank Varachha IOBA0003834

Location	Surat, Surat
City	Surat
District	Surat
State	Gujarat
Pincode	395013
Country	IN
Address	Shop no 15,16,17 &18, grpund floor, raj imperis, near sarthana police station, sarthana, surat-395013

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 0 for Varachha 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 0 of IOB Bank, Varachha branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Varachha branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Indian Overseas Bank are available with micr code -

>>Adajan >>Katargam >>Pal Surat >>Surat >>Surat Rander >>Udhna Magdala Road Branch >>Varachha

MICR code for Indian Overseas Bank Varachha

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 Varachha 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. 0 is the MICR code of Overseas Bank for Varachha branch. MICR code for Varachha 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 Varachha is presented in the table alongside.

Use of IOB Bank MICR code for Varachha branch in surat

The MICR code 0 is used in RBI cheque clearing process to identify the branch Varachha 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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