MICR Code: 441020002
| Bank: Indian Overseas Bank |
| IFSC Code: Ioba0002236 |
| MICR Code: 441020002 |
| Address: Sheet No29 Ground Floor Gurunanak Ward Gondia 441604 Maharashtra |
| City: Gondia |
| District: Adasi |
| State: Maharashtra |
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 441020002.
- In this case first three codes 441 is city code and it represents city Gondia.
- Next three characters 020 represents bank Indian Overseas Bank.
- Remaining characters which are 002 represents branch. In our case branch is located at address Sheet No29 Ground Floor Gurunanak Ward Gondia 441604 Maharashtra.
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.