MICR Code: 755020202

Bank: Indian Overseas Bank
IFSC Code: Ioba0000331
MICR Code: 755020202
Address: Jena Market Complex, Po, Sunguda Via Dhanmandal Pin 754024
City: Jajpur
District: Chandikhol
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 755020202.

  • In this case first three codes 755 is city code and it represents city Jajpur.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address Jena Market Complex, Po, Sunguda Via Dhanmandal Pin 754024.

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.