MICR Code: 721020901

Bank: Indian Overseas Bank
IFSC Code: Ioba0001105
MICR Code: 721020901
Address: Main Road, Behind Islampur High School, Chaulkhola, Pin 721455
City: Purba Medinipur
District: Chaulkhola
State: West Bengal

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 721020901.

  • In this case first three codes 721 is city code and it represents city Purba Medinipur.
  • Next three characters 020 represents bank Indian Overseas Bank.
  • Remaining characters which are 901 represents branch. In our case branch is located at address Main Road, Behind Islampur High School, Chaulkhola, Pin 721455.

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.