| MICR CODE | 400020058 |
|---|---|
| Bank | Indian Overseas Bank |
| Branch | Kharghar |
| IFSC Code | IFSC Code Indian Overseas Bank |
| Address | Plot No E 147 Shop No 13,city Gem Building,sector 12 Kharghar,pin 410210 |
| City | Raigarh |
| State | Maharashtra |
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Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).