MICR Code: 577020521

Bank: Indian Overseas Bank
IFSC Code: Ioba0000312
MICR Code: 577020521
Address: Nanjunde Gowda Mansion Main Road, Tarikere Taluk Lingadahalli Pin 577129
City: Chikmagalur
District: Lingadahalli
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 577020521.

  • 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 521 represents branch. In our case branch is located at address Nanjunde Gowda Mansion Main Road, Tarikere Taluk Lingadahalli Pin 577129.

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.