Indian Overseas Bank University Road (IOB)
University Road · Rajkot, Gujarat
360020010 is the MICR code for the University Road branch of Indian Overseas Bank, located in Rajkot, Gujarat. 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 IOBA0004194.
Bank
Indian Overseas Bank
Branch & Address
University Road
Ground Floor, Swami Complex, Plot No.15/a, Opp. Sleepwell Gallery, Jyoti Nagar Main Road, University Road - Kalawad Road, Rajkot
Rajkot, Rajkot, Gujarat
MICR Code Structure
360
City
020
Bank
010
Branch
City code 360 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 010 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Rajkot
Other banks in Rajkot, Gujarat
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 (IOBA0004194) 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 360020010 is in the middle, and your account number is on the right.