MICR Code: 281020052

Bank: Indian Overseas Bank
IFSC Code: Ioba0000605
MICR Code: 281020052
Address: Baldeo Road, Near Mahaban Bus Stand Mahaban Pin 281305
City: Mathura
District: Mahaban
State: Uttar Pradesh

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 281020052.

  • In this case first three codes 281 is city code and it represents city Mathura.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 052 represents branch. In our case branch is located at address Baldeo Road, Near Mahaban Bus Stand Mahaban Pin 281305.

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.