MICR Code: 532020602

Bank: Indian Overseas Bank
IFSC Code: Ioba0001129
MICR Code: 532020602
Address: Allada Village And Panchayat Kotabommali Thana Jalumooru Mandal Allada Pin 532425
City: Srikakulam
District: Allada
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 532020602.

  • In this case first three codes 532 is city code and it represents city Srikakulam.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 602 represents branch. In our case branch is located at address Allada Village And Panchayat Kotabommali Thana Jalumooru Mandal Allada Pin 532425.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.