Indian Overseas Bank Dwarka Sector (IOB)
Dwarka Sector · South-west, Delhi
110020117 is the MICR code for the Dwarka Sector branch of Indian Overseas Bank, located in South-west, Delhi. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code IOBA0002445.
Bank
Indian Overseas Bank
Branch & Address
Dwarka Sector
G 4, Ground Floor Manish Highway Plaza Sector 20, Dwarka, New Delhi Pincode 110075
South-west, New Delhi, Delhi
Contact
28085558MICR Code Structure
110
City
020
Bank
117
Branch
City code 110 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 117 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near South-west
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (IOBA0002445) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 110020117 is in the middle, and your account number is on the right.