MICR Code: 440020006

Bank: Indian Overseas Bank
IFSC Code: Ioba0002421
MICR Code: 440020006
Address: Shop No 3 9, Chintamani 16, Kheta Layout By Pandey Layout New Snehnagar, Nagpur Pincode 440025
City: Koriya
District: Nagpur
State: Chandigarh

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 440020006.

  • In this case first three codes 440 is city code and it represents city Koriya.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 006 represents branch. In our case branch is located at address Shop No 3 9, Chintamani 16, Kheta Layout By Pandey Layout New Snehnagar, Nagpur Pincode 440025.

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.