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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Chandigarh
  5. Raigarh
  6. Raigarh
  7. MICR: 496020001

MICR Code: 496020001

Bank: Indian Overseas Bank
IFSC Code: Ioba0002466
MICR Code: 496020001
Address: I Floor, Modi Plaza, Jagatpur Road, Raigarh 496001
City: Raigarh
District: Raigarh
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 496020001.

  • In this case first three codes 496 is city code and it represents city Raigarh.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address I Floor, Modi Plaza, Jagatpur Road, Raigarh 496001.

How to find micr code (for example 496020001) 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.