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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Goa
  5. Ponda
  6. North Goa
  7. MICR: 403020014

MICR Code: 403020014

Bank: Indian Overseas Bank
IFSC Code: Ioba0001957
MICR Code: 403020014
Address: Raj Krishna Towers, Bldg. No.A Shop No 10 16, Shanti Nagar Ponda Pin 403401
City: North Goa
District: Ponda
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 403020014.

  • In this case first three codes 403 is city code and it represents city North Goa.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 014 represents branch. In our case branch is located at address Raj Krishna Towers, Bldg. No.A Shop No 10 16, Shanti Nagar Ponda Pin 403401.

How to find micr code (for example 403020014) 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.