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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Chandigarh
  5. Kharora
  6. Raipur
  7. MICR: 492020503

MICR Code: 492020503

Bank: Indian Overseas Bank
IFSC Code: Ioba0002971
MICR Code: 492020503
Address: Baloda Bazar Main Road, Near Prakash Cloth Market,P.O. Kesla, Raipur,493225 , Raipur , Chattisgarh
City: Raipur
District: Kharora
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 492020503.

  • In this case first three codes 492 is city code and it represents city Raipur.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 503 represents branch. In our case branch is located at address Baloda Bazar Main Road, Near Prakash Cloth Market,P.O. Kesla, Raipur,493225 , Raipur , Chattisgarh.

How to find micr code (for example 492020503) 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.