1. Home
  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Karnataka
  5. Chikkathirupati
  6. Kolar
  7. MICR: 563020521

MICR Code: 563020521

Bank: Indian Overseas Bank
IFSC Code: Ioba0002939
MICR Code: 563020521
Address: Malur Taluk, Chikkatirupathi, Kolar District,563158
City: Kolar
District: Chikkathirupati
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 563020521.

  • In this case first three codes 563 is city code and it represents city Kolar.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 521 represents branch. In our case branch is located at address Malur Taluk, Chikkatirupathi, Kolar District,563158.

How to find micr code (for example 563020521) 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.