MICR code
571020502
Indian Overseas Bank, Mandya
- Bank
- Indian Overseas Bank
- Branch
- Mandya
- IFSC
- IOBA0002836
- Address
- 3755BY3 100 FEET ROAD ASHOK NAGAR MANDYA 574101
- City
- Mandya
- District
- Mandya
- State
- Karnataka
- City code
- 571
- Bank code
- 020
- Branch code
- 502
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MICR code · Mandya
MICR code 571020502
✔ Verified in RBI list
How to read MICR 571020502
- 571: the city code. It usually follows the first digits of the area's PIN code; here it is Mandya.
- 020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
- 502: 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 (IOBA0002836 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 571020502 belong to?
Indian Overseas Bank, Mandya branch (Mandya, Karnataka).
What is the IFSC code for MICR 571020502?
IOBA0002836.
What do the digits of 571020502 mean?
571 is the city code, 020 the bank code and 502 the branch code.