Indian Overseas Bank Talaulim (IOB)
Talaulim · Ponda, Goa
403020031 is the MICR code for the Talaulim branch of Indian Overseas Bank, located in Ponda, Goa. 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 IOBA0003453.
Bank
Indian Overseas Bank
Branch & Address
Talaulim
515, Shree Mahalaxmi Yuvak Sangh Building, Durbhat, Talaulim, Ponda District, North Goa, 403401
Ponda, Ponda, Goa
Contact
+918322435640MICR Code Structure
403
City
020
Bank
031
Branch
City code 403 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 031 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Ponda
Other banks in Ponda, Goa
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 (IOBA0003453) 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 403020031 is in the middle, and your account number is on the right.