Indian Overseas Bank Vallabh Vidya Nagar (IOB)
Vallabh Vidya Nagar · Anand, Gujarat
388020004 is the MICR code for the Vallabh Vidya Nagar branch of Indian Overseas Bank, located in Anand, 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 IOBA0003914.
Bank
Indian Overseas Bank
Branch & Address
Vallabh Vidya Nagar
Shop No.4, Sigma Prime, Near Sardar Patel Statue, Vallabh Vidya Nagar, District Anand, Gujarat -388120
Anand, Anand, Gujarat
MICR Code Structure
388
City
020
Bank
004
Branch
City code 388 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 004 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Anand
Other banks in Anand, 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 (IOBA0003914) 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 388020004 is in the middle, and your account number is on the right.