Indian Overseas Bank Naugarh, Siddharth Nagar (IOB)
Naugarh, Siddharth Nagar · Siddharth Nagar, Uttar Pradesh
272020003 is the MICR code for the Naugarh, Siddharth Nagar branch of Indian Overseas Bank, located in Siddharth Nagar, Uttar Pradesh. 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 IOBA0003887.
Bank
Indian Overseas Bank
Branch & Address
Naugarh, Siddharth Nagar
Shastri Nagar, Behind Pwd Inspection Bungalow, Po Tetri Bazar, Siddarth Nagar, District Siddhratha Nagar, Uttarpradesh, PIN Code 272207
Siddharth Nagar, Siddharth Nagar, Uttar Pradesh
MICR Code Structure
272
City
020
Bank
003
Branch
City code 272 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Siddharth Nagar
Other banks in Siddharth Nagar, Uttar Pradesh
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 (IOBA0003887) 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 272020003 is in the middle, and your account number is on the right.