MICR Code: 825020102

Bank: Indian Overseas Bank
IFSC Code: Ioba0002343
MICR Code: 825020102
Address: Plot No 3409, Ward No 6, Patna Ranchi Road, Near Punjab Hotel Kodarma 825410
City: Koderma
District: Kodarma
State: Jharkhand

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 825020102.

  • In this case first three codes 825 is city code and it represents city Koderma.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 102 represents branch. In our case branch is located at address Plot No 3409, Ward No 6, Patna Ranchi Road, Near Punjab Hotel Kodarma 825410.

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.