MICR Code: 623020017
| Bank: Indian Overseas Bank |
| IFSC Code: Ioba0002805 |
| MICR Code: 623020017 |
| Address: 1 By1281, First Flr, Hajiyar Complex, Bharathi Nagar, Sakkarakottai 623503 Ramanathapuram Dt |
| City: Ramanathapuram |
| District: Ramanathapuram |
| 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 623020017.
- In this case first three codes 623 is city code and it represents city Ramanathapuram.
- Next three characters 020 represents bank Indian Overseas Bank.
- Remaining characters which are 017 represents branch. In our case branch is located at address 1 By1281, First Flr, Hajiyar Complex, Bharathi Nagar, Sakkarakottai 623503 Ramanathapuram Dt.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.