MICR Code Bank
Find MICR code for Indian Overseas Bank Jaipur Main branches in India for NEFT and RTGS transfer

Indian Overseas Bank Jaipur Main MICR CODE

Find MICR Codes for Indian Overseas Bank Jaipur Main

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  1. Indian Overseas Bank »
  2. Rajasthan »
  3. jaipur »
  4. jaipur »
  5. jaipur main (m.i.road)

Find MICR Codes for Indian Overseas Bank Jaipur Main

MICR Code: 302020002
Bank: Indian Overseas Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Jaipur Main (M.I.Road)
Contact: P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office, Phone-044-28519488, Email:Funds@iobnet.Co.In
Bank Details: Indian Overseas Bank Jaipur Main (M.I.Road) IOBA0000158
Location: Jaipur, Jaipur
City: Jaipur
District: Jaipur
State: Rajasthan
Pincode: 302001
Country: IN
Address: Saraf house ,m.i.road ,jaipur

How does MICR code for jaipur main branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the of IOB Bank, jaipur main branch makes the system almost error free and faster. Use of IOB Bank MICR codes for jaipur main branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank jaipur main

Indian Overseas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IOB Bank MICR code for jaipur main is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. is the MICR code of Overseas Bank for jaipur main branch. MICR code for jaipur main branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for IOB Bank jaipur main is presented in the table alongside.

Use of IOB Bank MICR code for jaipur main branch in jaipur

The MICR code is used in RBI cheque clearing process to identify the branch jaipur main and IOB Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Overseas Bank is typically in either of these two font’s: E-138 and CMC-7.