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Indian Overseas Bank Payyannur Kannur Kerala MICR CODE

Find MICR Codes for Indian Overseas Bank Payyannur Kannur Kerala

Bank Indian Overseas Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Payyanur
Contact P Suresh Kumar, Senior Manager, Indian Overseas Bank, Funds Department, Central Office,
Bank Details Indian Overseas Bank Payyanur IOBA0001439
Location Payyannur, Kannur
City Payyannur
District Kannur
State Kerala
Pincode 670307
Country IN
Address Near old post office;main road;payyanur;670307
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.

Search Indian Overseas Bank MICR Codes in kannur

You can search through MICR Codes of Kerala branches in payyannur of District kannur in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

Indian Overseas Bank branches with micr codes are available in 4 cities-

>>Baliapatam >>Kadirur >>Payyannur >>Thalassery

How to find MICR codes for Indian Overseas Bank in payyannur?

Indian Overseas Bank payyannur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From IOB Bank MICR codes list for payyannur, one can further search by branch name specified in the table. You can find MICR codes for all Indian Overseas Bank payyannur branches.

IOB Bank MICR code in payyannur

Indian Overseas Bank MICR code is a character recognition technology used by banks in the processing of cheques. IOB Bank MICR code for payyannur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Overseas Bank branches in payyannur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Overseas Bank MICR code for payyannur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Indian Overseas Bank payyannur branch, sprinted 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. Thus MICR code for IOB Bank payyannur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Overseas Bank MICR codes for payyannur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!