Quick summary✔ RBI data Last synced · release v2.0.62
MICR code 600020040 belongs to Indian Overseas Bank, Tower branch in Chennai, Tamil Nadu. The matching IFSC code is IOBA0000475.
How to read MICR 600020040
600: the city code. It usually follows the first digits of the area's PIN code; here it is Chennai.
020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
040: 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 (IOBA0000475 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 600020040 belong to?
Indian Overseas Bank, Tower branch (Chennai, Tamil Nadu).
What is the IFSC code for MICR 600020040?
IOBA0000475.
What do the digits of 600020040 mean?
600 is the city code, 020 the bank code and 040 the branch code.
