Indian Overseas Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Indian Overseas Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malleswaram
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 Malleswaram IOBA0000323
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560055
Country IN
Address Site 162 x main road, xv cross opp m e s college, malleswaram (w) bangalore - 560055
MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malleswaram
Contact 28584896
Bank Details Indian Overseas Bank Malleswaram IOBA0006761
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560086
Country IN
Address 463, west of chord road, bangalore pin 560086
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 560020012 for Malleswaram 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 560020012 of IOB Bank, Malleswaram branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Malleswaram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank Malleswaram

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 Malleswaram 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. 560020012 is the MICR code of Overseas Bank for Malleswaram branch. MICR code for Malleswaram 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 Malleswaram is presented in the table alongside.

Use of IOB Bank MICR code for Malleswaram branch in bangalore

The MICR code 560020012 is used in RBI cheque clearing process to identify the branch Malleswaram 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.

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