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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Karnataka
  5. Challakere
  6. Chitradurga
  7. MICR: 577020524

MICR Code: 577020524

Bank: Indian Overseas Bank
IFSC Code: Ioba0002856
MICR Code: 577020524
Address: Nirmala Chandra Build, Bus Stand Road, Chellakere Dist Chitradurga, Karnataka 577522
City: Chitradurga
District: Challakere
State: Karnataka

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 577020524.

  • In this case first three codes 577 is city code and it represents city Chitradurga.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 524 represents branch. In our case branch is located at address Nirmala Chandra Build, Bus Stand Road, Chellakere Dist Chitradurga, Karnataka 577522.

How to find micr code (for example 577020524) 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.