MICR code
534020002
Indian Overseas Bank, Eluru
- Bank
- Indian Overseas Bank
- Branch
- Eluru
- IFSC
- IOBA0000122
- Address
- 220 10 1B, BADETIWARI STREET, ELURU
- City
- West Godavari
- District
- Eluru
- State
- Andhra Pradesh
- City code
- 534
- Bank code
- 020
- Branch code
- 002
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- 534020002
MICR code · West Godavari
MICR code 534020002
✔ Verified in RBI list
How to read MICR 534020002
- 534: the city code. It usually follows the first digits of the area's PIN code; here it is West Godavari.
- 020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
- 002: the branch code within that city and bank.
The MICR is printed in magnetic ink at the bottom of every cheque leaf, between the cheque number and your account ID. Clearing houses read it under the Cheque Truncation System (CTS) to route the cheque to the right branch. It is not needed for NEFT, RTGS, IMPS or UPI, which use the IFSC (IOBA0000122 for this branch).
Before you deposit or write a cheque
- Check that the MICR on the cheque matches the branch printed at the top of the leaf.
- Use a CTS-2010 cheque; older formats are no longer cleared.
- Write in blue or black ink and do not overwrite on the MICR band; changes can make the cheque bounce.
Frequently asked questions
Which bank does MICR 534020002 belong to?
Indian Overseas Bank, Eluru branch (West Godavari, Andhra Pradesh).
What is the IFSC code for MICR 534020002?
IOBA0000122.
What do the digits of 534020002 mean?
534 is the city code, 020 the bank code and 002 the branch code.