MICR Code: 636020041

Bank: Indian Overseas Bank
IFSC Code: Ioba0002785
MICR Code: 636020041
Address: 164 By1b2, Settia Gounder Complex C, Bhavani Road, Sankari 637301
City: Salem
District: Sankari
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 636020041.

  • In this case first three codes 636 is city code and it represents city Salem.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 041 represents branch. In our case branch is located at address 164 By1b2, Settia Gounder Complex C, Bhavani Road, Sankari 637301.

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.