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Indian Overseas Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Indian Overseas Bank Delhi New Delhi New Delhi

Bank
State
District
City
Branch
Address

MICR Code	110020009
Bank	Indian Overseas Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Karol Bagh
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 Karol Bagh IOBA0000035

Location	Delhi, New Delhi
City	Delhi
District	New Delhi
State	New Delhi
Pincode	110005
Country	IN
Address	10222 & 10223, gurudwara road,karol bagh,new delhi - 110005

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 110020009 for Karol Bagh 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 110020009 of IOB Bank, Karol Bagh branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Karol Bagh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 57 branches of Indian Overseas Bank are available with micr code -

>>Cannaught Place >>Cantonment Delhi >>Daryaganj >>Defence Colony >>Dwarka >>Gole Market Delhi >>Golf Links >>Greater Kailash Ii >>Industrial Finance Delhi >>Janakpuri >>Janpath >>Jasola >>Karkardooma >>Karol Bagh >>Krishna Nagar >>Lok Kala Manch >>Manasarovar Garden >>Model Town >>Nanak Piao Delhi >>Naraina J.J.Colony. >>Nehru Place New Delhi >>New Delhi Ansari Road Daryaganj >>New Delhi Base Hospital >>New Delhi C Block Janakpuri >>New Delhi Greater Kailash >>New Delhi Kalkaji >>New Delhi Nehru Market Rajouri Garden New Delhi >>New Delhi Rajapuri Dwarka >>New Delhi Sector 9 Rohini >>New Delhi Spm Colelge >>New Delhi Yojana Bhavan >>New Friends Colony New Delhi >>New Rajinder Nagar >>Okhla Industrial Area >>Parliament Street. New Delhi. >>Paschim Vihar >>Pitampura >>Prashant Vihar >>Preet Vihar (Patpar Ganj) >>Punjabi Bagh >>R.K.Puram >>Rajendra Place New Delhi >>Rajouri Garden >>Rohini Delhi >>Roop Nagar >>Safdarjung Enclave >>Sanchar Bhawan >>Sec 12 R.K.Puram >>Shalimar Bagh >>St. Stephens Hospital >>Tolstoy Marg >>University Delhi >>Vanasthali >>Vasantvihar >>Vasundhara Enclave >>Vikaspuri >>Yusuf Sarai

MICR code for Indian Overseas Bank Karol Bagh

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 Karol Bagh 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. 110020009 is the MICR code of Overseas Bank for Karol Bagh branch. MICR code for Karol Bagh 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 Karol Bagh is presented in the table alongside.

Use of IOB Bank MICR code for Karol Bagh branch in delhi

The MICR code 110020009 is used in RBI cheque clearing process to identify the branch Karol Bagh 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.