MICR Code: 577020522

Bank: Indian Overseas Bank
IFSC Code: Ioba0000338
MICR Code: 577020522
Address: Main Road, Kudlur Tarikere Taluk Kudlur Pin 577157
City: Chikmagalur
District: Kudlur
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 577020522.

  • In this case first three codes 577 is city code and it represents city Chikmagalur.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 522 represents branch. In our case branch is located at address Main Road, Kudlur Tarikere Taluk Kudlur Pin 577157.

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.