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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Punjab
  5. Dera Bassi
  6. Patiala
  7. MICR: 160020023

MICR Code: 160020023

Bank: Indian Overseas Bank
IFSC Code: Ioba0003041
MICR Code: 160020023
Address: Village Malkapur, Lalru Mandi Punjab State Pin 140501
City: Patiala
District: Dera Bassi
State: Punjab

What is MICR Code?

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.

Details of MICR Code

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 160020023.

  • In this case first three codes 160 is city code and it represents city Patiala.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 023 represents branch. In our case branch is located at address Village Malkapur, Lalru Mandi Punjab State Pin 140501.

How to find micr code (for example 160020023) from bank account number?

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.