Indian Overseas Bank Mysore Mysore Karnataka MICR CODE

Find MICR Codes for Indian Overseas Bank Mysore Mysore Karnataka

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MICR Code	570020007
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	Vijayanagaram
Contact	0821 - 2417192
Bank Details	Indian Overseas Bank Vijayanagaram IOBA0001777

Location	Mysore, Mysore
City	Mysore
District	Mysore
State	Karnataka
Pincode	570017
Country	IN
Address	14 i stage,vijayanagar ,mysore pin : 570017

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 570020007 for Vijayanagaram 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 570020007 of IOB Bank, Vijayanagaram branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Vijayanagaram branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of Indian Overseas Bank are available with micr code -

>>Alanahalli >>D Salundi >>Jayaprakashnarayannagar >>K.R.Mohalla(Mysore) >>Kergalli Salundi >>Kuvempu Nagar Mysore >>Megalapura >>Mysore >>Mysore Jayalakshmipuram >>N Beguru >>R.O. Mysore >>Rammanahalli >>Rapid Retail Centre Mysore >>Roop Nagar Dasanakoppalu(Mysore) >>Sindhuvalli >>Srirampura >>Vijayanagaram

MICR code for Indian Overseas Bank Vijayanagaram

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 Vijayanagaram 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. 570020007 is the MICR code of Overseas Bank for Vijayanagaram branch. MICR code for Vijayanagaram 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 Vijayanagaram is presented in the table alongside.

Use of IOB Bank MICR code for Vijayanagaram branch in mysore

The MICR code 570020007 is used in RBI cheque clearing process to identify the branch Vijayanagaram 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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