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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Chandigarh
  5. Chandigarh
  6. Chandigarh
  7. MICR: 160020006

MICR Code: 160020006

Bank: Indian Overseas Bank
IFSC Code: Ioba0001514
MICR Code: 160020006
Address: Punjab Tractors Ltd, Phase Iv, Industrial Area, Sas Nagar, Pin 160005
City: Chandigarh
District: Chandigarh
State: Chandigarh

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 160020006.

  • In this case first three codes 160 is city code and it represents city Chandigarh.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 006 represents branch. In our case branch is located at address Punjab Tractors Ltd, Phase Iv, Industrial Area, Sas Nagar, Pin 160005.

How to find micr code (for example 160020006) 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.