Indian Overseas Bank Ganjam Berhampur Orissa MICR CODE

Find MICR Codes for Indian Overseas Bank Ganjam Berhampur 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 Ro Berhampur
Contact	-
Bank Details	Indian Overseas Bank Ogb Ro Berhampur IOBA0GB5002

Location	Ganjam, Berhampur
City	Ganjam
District	Berhampur
State	Orissa
Pincode	760001
Country	IN
Address	At- godabarishnagar, po- berhampur, pin-760001

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

MICR code for Indian Overseas Bank Ogb Ro Berhampur

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

Use of IOB Bank MICR code for Ogb Ro Berhampur branch in ganjam

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