MICR Code: 473020001

Bank: Indian Overseas Bank
IFSC Code: Ioba0002956
MICR Code: 473020001
Address: Plot No.96, Main Road, Guna,M.P. Pin 473001
City: Guna
District: Guna
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 473020001.

  • In this case first three codes 473 is city code and it represents city Guna.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Plot No.96, Main Road, Guna,M.P. Pin 473001.

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.