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  2. All Bank's Branch Addresses and IFSC/MICR Codes
  3. Indian Overseas Bank
  4. Rajasthan
  5. Neemrana
  6. Alwar
  7. MICR: 301020501

MICR Code: 301020501

Bank: Indian Overseas Bank
IFSC Code: Ioba0002307
MICR Code: 301020501
Address: Shop No 22, Shopping Complex, Industrial Area, Neemrana, Alwar District, Rajasthan 301706
City: Alwar
District: Neemrana
State: Rajasthan

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 301020501.

  • In this case first three codes 301 is city code and it represents city Alwar.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 501 represents branch. In our case branch is located at address Shop No 22, Shopping Complex, Industrial Area, Neemrana, Alwar District, Rajasthan 301706.

How to find micr code (for example 301020501) 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.