MICR code
301020001
Indian Overseas Bank, Alwar
- Bank
- Indian Overseas Bank
- Branch
- Alwar
- IFSC
- IOBA0000385
- Address
- ABOVE KHADI BHANDAR,HOPE CIRCUS,ALWAR
- City
- Alwar
- District
- Alwar
- State
- Rajasthan
- City code
- 301
- Bank code
- 020
- Branch code
- 001
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MICR code · Alwar
MICR code 301020001
✔ Verified in RBI list
How to read MICR 301020001
- 301: the city code. It usually follows the first digits of the area's PIN code; here it is Alwar.
- 020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
- 001: 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 (IOBA0000385 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 301020001 belong to?
Indian Overseas Bank, Alwar branch (Alwar, Rajasthan).
What is the IFSC code for MICR 301020001?
IOBA0000385.
What do the digits of 301020001 mean?
301 is the city code, 020 the bank code and 001 the branch code.