MICR Code: 462020003
| Bank: Indian Overseas Bank |
| IFSC Code: Ioba0001115 |
| MICR Code: 462020003 |
| Address: 68, Zone Ii, Ward No 47,M P Nagar Bhopal Pin 462011 |
| City: Bhopal |
| District: Bhopal |
| State: Madhya Pradesh |
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 462020003.
- In this case first three codes 462 is city code and it represents city Bhopal.
- Next three characters 020 represents bank Indian Overseas Bank.
- Remaining characters which are 003 represents branch. In our case branch is located at address 68, Zone Ii, Ward No 47,M P Nagar Bhopal Pin 462011.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.