MICR Code: 411020014

Bank: Indian Overseas Bank
IFSC Code: Ioba0002257
MICR Code: 411020014
Address: Madhav Bungalow, Hadapsar Mundwa Road, Magarpatta, Hadpsar, Pune, Pin 411028
City: Pune
District: Hadapsar
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 411020014.

  • In this case first three codes 411 is city code and it represents city Pune.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 014 represents branch. In our case branch is located at address Madhav Bungalow, Hadapsar Mundwa Road, Magarpatta, Hadpsar, Pune, Pin 411028.

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.