MICR Code: 600020124

Bank: Indian Overseas Bank
IFSC Code: Ioba0001740
MICR Code: 600020124
Address: 1 By 33 Padmavathy Complex, Rajiv Gandhi Salai, Omr, Siruseri, Pin 603103
City: Kancheepuram
District: Kelambakkam
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 600020124.

  • In this case first three codes 600 is city code and it represents city Kancheepuram.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 124 represents branch. In our case branch is located at address 1 By 33 Padmavathy Complex, Rajiv Gandhi Salai, Omr, Siruseri, Pin 603103.

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.