MICR Code: 411020013

Bank: Indian Overseas Bank
IFSC Code: Ioba0001985
MICR Code: 411020013
Address: 2035 By 2 Sadashiv Peth, Tilak Road, Pune 30
City: Pune
District: Pune
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 411020013.

  • 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 013 represents branch. In our case branch is located at address 2035 By 2 Sadashiv Peth, Tilak Road, Pune 30.

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.