Indian Overseas Bank Phagwara (IOB)
Phagwara · Kapurthala, Punjab
144020202 is the MICR code for the Phagwara branch of Indian Overseas Bank, located in Kapurthala, Punjab. 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 IOBA0000344.
Bank
Indian Overseas Bank
Branch & Address
Phagwara
Opp. Bus Stand, G.t. Rd, Phagwara
Kapurthala, Phagwara, Punjab
Contact
+911824260430MICR Code Structure
144
City
020
Bank
202
Branch
City code 144 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 202 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Kapurthala
Other banks in Kapurthala, Punjab
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 (IOBA0000344) 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 144020202 is in the middle, and your account number is on the right.