MICR Code: 231020102

Bank: Indian Overseas Bank
IFSC Code: Ioba0003124
MICR Code: 231020102
Address: 337 Dev Deep Complex, Near Chandi Tiraha, Sonbhadra231219 Up
City: Sonbhadra
District: Robertsganj
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 231020102.

  • In this case first three codes 231 is city code and it represents city Sonbhadra.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 102 represents branch. In our case branch is located at address 337 Dev Deep Complex, Near Chandi Tiraha, Sonbhadra231219 Up.

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.