MICR Code: 752020508
| Bank: Indian Overseas Bank |
| IFSC Code: Ioba0001240 |
| MICR Code: 752020508 |
| Address: At Bhimpada, Po Tangisahi, Via Bolagarh, Bhimpada, Pin 752066 |
| City: Khorda |
| District: Bolagarh |
| State: Odisha |
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 752020508.
- In this case first three codes 752 is city code and it represents city Khorda.
- Next three characters 020 represents bank Indian Overseas Bank.
- Remaining characters which are 508 represents branch. In our case branch is located at address At Bhimpada, Po Tangisahi, Via Bolagarh, Bhimpada, Pin 752066.
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.