Indian Overseas Bank Nayagarh Dasapala Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Nayagarh Dasapala Orissa

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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 Dasapala
Contact	-
Bank Details	Indian Overseas Bank Ogb Dasapala IOBA0GB0133

Location	Nayagarh, Dasapala
City	Nayagarh
District	Dasapala
State	Orissa
Pincode	752084
Country	IN
Address	At-baraparakiasahi, near baraparakia primaryschool, at/po-dasapalla, dist nayagarh-752084,

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 Dasapala 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 Dasapala branch makes the system almost error free and faster. Use of IOB Bank MICR codes for Ogb Dasapala 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 Dasapala

MICR code for Indian Overseas Bank Ogb Dasapala

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 Dasapala 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 Dasapala branch. MICR code for Ogb Dasapala 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 Dasapala is presented in the table alongside.

Use of IOB Bank MICR code for Ogb Dasapala branch in nayagarh

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