MICR Code: 440020011

Bank: Indian Overseas Bank
IFSC Code: Ioba0002641
MICR Code: 440020011
Address: Plot No 8 Ground Floor Ram Nivas Hudkeshwar Road Nagpur Maharashtra 440023
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 440020011.

  • 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 011 represents branch. In our case branch is located at address Plot No 8 Ground Floor Ram Nivas Hudkeshwar Road Nagpur Maharashtra 440023.

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.