MICR Code: 573020102

Bank: Indian Overseas Bank
IFSC Code: Ioba0002593
MICR Code: 573020102
Address: Sakleshpura 999 Door No 810 729 Grnd Flr Mangalore,B.M. Road Sakaleshpura,573134 Karnataka
City: Hassan
District: Sakleshpur
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 573020102.

  • In this case first three codes 573 is city code and it represents city Hassan.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 102 represents branch. In our case branch is located at address Sakleshpura 999 Door No 810 729 Grnd Flr Mangalore,B.M. Road Sakaleshpura,573134 Karnataka.

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.