MICR Code: 110020029

Bank: Indian Overseas Bank
IFSC Code: Ioba0000597
MICR Code: 110020029
Address: Sec 31, Moida Complex, Nithari Pin 201301
City: Gautam Buddha Nagar
District: Nithari
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 110020029.

  • In this case first three codes 110 is city code and it represents city Gautam Buddha Nagar.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 029 represents branch. In our case branch is located at address Sec 31, Moida Complex, Nithari Pin 201301.

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.