MICR Code: 560020036

Bank: Indian Overseas Bank
IFSC Code: Ioba0002456
MICR Code: 560020036
Address: 19 By A I Floor 9 Th Main Road, Sector7, Hsr Layout, Bangalore560102
City: Bangalore Urban
District: Bangalore
State: Karnataka

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 560020036.

  • In this case first three codes 560 is city code and it represents city Bangalore Urban.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 036 represents branch. In our case branch is located at address 19 By A I Floor 9 Th Main Road, Sector7, Hsr Layout, Bangalore560102.

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.