MICR Code: 486020001

Bank: Indian Overseas Bank
IFSC Code: Ioba0002872
MICR Code: 486020001
Address: Nh 7, Near New Bus Stand, Besides Aditya Hotel, Rewa M.P.486001
City: Rewa
District: Rewa
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 486020001.

  • In this case first three codes 486 is city code and it represents city Rewa.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 001 represents branch. In our case branch is located at address Nh 7, Near New Bus Stand, Besides Aditya Hotel, Rewa M.P.486001.

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.