Indian Overseas Bank Atak Pardi (IOB)
Atak Pardi · Valasad, Gujarat
396020002 is the MICR code for the Atak Pardi branch of Indian Overseas Bank, located in Valasad, 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 IOBA0003074.
Bank
Indian Overseas Bank
Branch & Address
Atak Pardi
Near Cng Pump, Opp Krishna Hotel, Dharmpura Road Crossing, Nh 8, Atak Pardi Village, Valsad, Gujarat
Valasad, Dharampur, Gujarat
Contact
+912632227653MICR Code Structure
396
City
020
Bank
002
Branch
City code 396 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Valasad
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 (IOBA0003074) 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 396020002 is in the middle, and your account number is on the right.