MICR code
732020102
Indian Overseas Bank, Malda
- Bank
- Indian Overseas Bank
- Branch
- Malda
- IFSC
- IOBA0000647
- Address
- 4, RABINDRA AVENUE, MALDA PIN 732101
- City
- Malda
- District
- Malda
- State
- West Bengal
- City code
- 732
- Bank code
- 020
- Branch code
- 102
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MICR code · Malda
MICR code 732020102
✔ Verified in RBI list
How to read MICR 732020102
- 732: the city code. It usually follows the first digits of the area's PIN code; here it is Malda.
- 020: the bank code, the same for every branch of Indian Overseas Bank in cheque clearing.
- 102: 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 (IOBA0000647 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 732020102 belong to?
Indian Overseas Bank, Malda branch (Malda, West Bengal).
What is the IFSC code for MICR 732020102?
IOBA0000647.
What do the digits of 732020102 mean?
732 is the city code, 020 the bank code and 102 the branch code.