MICR Code: 759020202

Bank: Indian Overseas Bank
IFSC Code: Ioba0001522
MICR Code: 759020202
Address: Pl 548 By 549 Hat Tota Talcher Pin 759101
City: Angul
District: Talcher
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 759020202.

  • In this case first three codes 759 is city code and it represents city Angul.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 202 represents branch. In our case branch is located at address Pl 548 By 549 Hat Tota Talcher Pin 759101.

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.