MICR Code: 560020035

Bank: Indian Overseas Bank
IFSC Code: Ioba0002308
MICR Code: 560020035
Address: Opp Deepak Film Tent, Nelliguda Tnk Road, Bidadi, Bangaloe 562019
City: Bangalore Rural
District: Bidadi
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 560020035.

  • In this case first three codes 560 is city code and it represents city Bangalore Rural.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 035 represents branch. In our case branch is located at address Opp Deepak Film Tent, Nelliguda Tnk Road, Bidadi, Bangaloe 562019.

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.