Indian Overseas Bank Cuttack Athagarh Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Cuttack Athagarh Orissa

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State
District
City
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Address

MICR Code	-NA-
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	Ogb Athagarh
Contact	-
Bank Details	Indian Overseas Bank Ogb Athagarh IOBA0GB4203

Location	Cuttack, Athagarh
City	Cuttack
District	Athagarh
State	Orissa
Pincode	754029
Country	IN
Address	At/po - at hagarhupstair of sushama medical store, old bus stand, dist - cuttack pin - 754029

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 0 for Ogb Athagarh 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 0 of IOB Bank, Ogb Athagarh branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Ogb Athagarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Indian Overseas Bank are available with micr code -

>>Ogb Athagarh

MICR code for Indian Overseas Bank Ogb Athagarh

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 Ogb Athagarh 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. 0 is the MICR code of Overseas Bank for Ogb Athagarh branch. MICR code for Ogb Athagarh 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 Ogb Athagarh is presented in the table alongside.

Use of IOB Bank MICR code for Ogb Athagarh branch in cuttack

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ogb Athagarh 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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