1. Home
  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Goa
  5. Cortalim
  6. South Goa
  7. MICR: 403020019

MICR Code: 403020019

Bank: Indian Overseas Bank
IFSC Code: Ioba0002520
MICR Code: 403020019
Address: Shop No 418 By 1, Gr Fl,2 Nd Arvalle, Cortalim Salcete, South Goa, Goa 40371
City: South Goa
District: Cortalim
State: Goa

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 403020019.

  • In this case first three codes 403 is city code and it represents city South Goa.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 019 represents branch. In our case branch is located at address Shop No 418 By 1, Gr Fl,2 Nd Arvalle, Cortalim Salcete, South Goa, Goa 40371.

How to find micr code (for example 403020019) 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.