MICR Code: 765020508

Bank: Indian Overseas Bank
IFSC Code: Ioba0000318
MICR Code: 765020508
Address: Imfa Compound, Therubali Po, Therubali, Pin 765018
City: Rayagada
District: Therubali
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 765020508.

  • In this case first three codes 765 is city code and it represents city Rayagada.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 508 represents branch. In our case branch is located at address Imfa Compound, Therubali Po, Therubali, Pin 765018.

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.