Indian Overseas Bank Lucknow Lucknow Uttar Pradesh MICR CODE

Find MICR Codes for Indian Overseas Bank Lucknow Lucknow Uttar Pradesh

MICR Code
Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch U P Bhoomi Sudar Nigam Lucknow
Contact 0522 -2398495
Bank Details Indian Overseas Bank U P Bhoomi Sudar Nigam Lucknow IOBA0001773
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226010
Country IN
Address Bhoomitra tc/19v vibhuti khand, gomti nagar lucknow pin : 226010
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 226020015 for U P Bhoomi Sudar Nigam Lucknow 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 226020015 of IOB Bank, U P Bhoomi Sudar Nigam Lucknow branch makes the system almost error free and faster. Use of IOB Bank MICR codes for U P Bhoomi Sudar Nigam Lucknow branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indian Overseas Bank U P Bhoomi Sudar Nigam Lucknow

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 U P Bhoomi Sudar Nigam Lucknow 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. 226020015 is the MICR code of Overseas Bank for U P Bhoomi Sudar Nigam Lucknow branch. MICR code for U P Bhoomi Sudar Nigam Lucknow 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 U P Bhoomi Sudar Nigam Lucknow is presented in the table alongside.

Use of IOB Bank MICR code for U P Bhoomi Sudar Nigam Lucknow branch in lucknow

The MICR code 226020015 is used in RBI cheque clearing process to identify the branch U P Bhoomi Sudar Nigam Lucknow 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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