MICR Code: 641020028

Bank: Indian Overseas Bank
IFSC Code: Ioba0001845
MICR Code: 641020028
Address: Lakshmi Machine Works, Machine Tools Division, Arasur, Coimbatore 641407
City: Coimbatore
District: Coimbatore
State: Tamil Nadu

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 641020028.

  • In this case first three codes 641 is city code and it represents city Coimbatore.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 028 represents branch. In our case branch is located at address Lakshmi Machine Works, Machine Tools Division, Arasur, Coimbatore 641407.

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.