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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Karnataka
  5. Garag
  6. Dharwad
  7. MICR: 580020502

MICR Code: 580020502

Bank: Indian Overseas Bank
IFSC Code: Ioba0000308
MICR Code: 580020502
Address: Mathru Chaya Main Road Garag, Pin 581105
City: Dharwad
District: Garag
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 580020502.

  • In this case first three codes 580 is city code and it represents city Dharwad.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 502 represents branch. In our case branch is located at address Mathru Chaya Main Road Garag, Pin 581105.

How to find micr code (for example 580020502) 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.