Indian Overseas Bank Rayagada Rayagada Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Rayagada Rayagada 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 Rayagada Ev.Br
Contact	-
Bank Details	Indian Overseas Bank Ogb Rayagada Ev.Br IOBA0GB8346

Location	Rayagada, Rayagada
City	Rayagada
District	Rayagada
State	Orissa
Pincode	765001
Country	IN
Address	Kasturi nagar near honda showroom rayagada, dist - rayagada, pin - 765001

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

A total of 6 branches of Indian Overseas Bank are available with micr code -

>>Ogb Muniguda >>Ogb Rayagada >>Ogb Rayagada Ev.Br >>Ogb Ro Rayagada >>Ramanguda >>Rayagada

MICR code for Indian Overseas Bank Ogb Rayagada Ev.Br

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 Rayagada Ev.Br 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 Rayagada Ev.Br branch. MICR code for Ogb Rayagada Ev.Br 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 Rayagada Ev.Br is presented in the table alongside.

Use of IOB Bank MICR code for Ogb Rayagada Ev.Br branch in rayagada

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ogb Rayagada Ev.Br 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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