MICR code
508020002
Indian Overseas Bank, Nalgonda
- Bank
- Indian Overseas Bank
- Branch
- Nalgonda
- IFSC
- IOBA0000410
- Address
- 6 2 1449,RAMAGIRI RD,NALGONDA
- City
- Nalgonda
- District
- Nalgonda
- State
- Andhra Pradesh
- City code
- 508
- Bank code
- 020
- Branch code
- 002
- Home
- MICR search
- 508020002
MICR code · Nalgonda
MICR code 508020002
✔ Verified in RBI list
How to read MICR 508020002
- 508: the city code. It usually follows the first digits of the area's PIN code; here it is Nalgonda.
- 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 (IOBA0000410 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 508020002 belong to?
Indian Overseas Bank, Nalgonda branch (Nalgonda, Andhra Pradesh).
What is the IFSC code for MICR 508020002?
IOBA0000410.
What do the digits of 508020002 mean?
508 is the city code, 020 the bank code and 002 the branch code.