MICR Code: 303020201

Bank: Indian Overseas Bank
IFSC Code: Ioba0003223
MICR Code: 303020201
Address: Near Panchyat Samiti, Tehsil Jhotwara, Manchwa, Jaipur Dist, Rajasthan 302012
City: Adilabad
District: Jaipur
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 303020201.

  • In this case first three codes 303 is city code and it represents city Adilabad.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 201 represents branch. In our case branch is located at address Near Panchyat Samiti, Tehsil Jhotwara, Manchwa, Jaipur Dist, Rajasthan 302012.

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.