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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Bihar
  5. Shikarpur
  6. Paschimi Champaran
  7. MICR: 203020003

MICR Code: 203020003

Bank: Indian Overseas Bank
IFSC Code: Ioba0000932
MICR Code: 203020003
Address: Kailavan, Pin 202395
City: Paschimi Champaran
District: Shikarpur
State: Bihar

What is MICR Code?

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.

Details of MICR Code

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 203020003.

  • In this case first three codes 203 is city code and it represents city Paschimi Champaran.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 003 represents branch. In our case branch is located at address Kailavan, Pin 202395.

How to find micr code (for example 203020003) from bank account number?

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.