MICR code
757020501
Indian Overseas Bank, Udala
- Bank
- Indian Overseas Bank
- Branch
- Udala
- IFSC
- IOBA0002631
- Address
- HOLDING 163 COLLEGE ROAD UDALA MAYURBHANJ 757041
- City
- Mayurbhanj
- District
- Udala
- State
- Odisha
- City code
- 757
- Bank code
- 020
- Branch code
- 501
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- 757020501
MICR code · Mayurbhanj
MICR code 757020501
✔ Verified in RBI list
How to read MICR 757020501
- 757: the city code. It usually follows the first digits of the area's PIN code; here it is Mayurbhanj.
- 020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
- 501: 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 (IOBA0002631 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 757020501 belong to?
Indian Overseas Bank, Udala branch (Mayurbhanj, Odisha).
What is the IFSC code for MICR 757020501?
IOBA0002631.
What do the digits of 757020501 mean?
757 is the city code, 020 the bank code and 501 the branch code.