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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Karnataka
  5. Gangavathi
  6. Koppal
  7. MICR: 583020302

MICR Code: 583020302

Bank: Indian Overseas Bank
IFSC Code: Ioba0002855
MICR Code: 583020302
Address: C.B.S Ganj, Gangavathi Dist Koppal, Karnataka 583227
City: Koppal
District: Gangavathi
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 583020302.

  • In this case first three codes 583 is city code and it represents city Koppal.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 302 represents branch. In our case branch is located at address C.B.S Ganj, Gangavathi Dist Koppal, Karnataka 583227.

How to find micr code (for example 583020302) 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.