MICR Code: 263020703

Bank: Indian Overseas Bank
IFSC Code: Ioba0002900
MICR Code: 263020703
Address: Tehsil Road, Bageshwar, Dist Bageshwar 263642 U K
City: Bageshwar
District: Bageshwar
State: Uttarakhand

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 263020703.

  • In this case first three codes 263 is city code and it represents city Bageshwar.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 703 represents branch. In our case branch is located at address Tehsil Road, Bageshwar, Dist Bageshwar 263642 U K.

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.