| Bank: | Indian Overseas Bank |
| Address: | 2 152 BY 3,APSP POST,RAYUDUPALEM JUNCTION,PENUMARTHI 533005 |
| State: | Andhra Pradesh |
| District: | Penumarti |
| Branch Name: | Penumarthi |
| Contact: | 2306329 |
| IFSC Code: |
IOBA0001037
(used for RTGS IMPS NEFT transactions) |
| Branch Code: | 001037 |
| MICR Code: | 533020542 |
It is a unique 9 digit code printed on cheques using Magnetic Ink Character Recognition technology that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS)
Yes, every bank has its own unique MICR code.
The MICR code is a nine-digit identifier used to identify banks and branches that are participating in the ECS credit scheme. This system ensures accurate financial transactions between all banking institutions using cheques.
9 digits in MICR code. MICR Code has only numbers