Indian Overseas Bank Raj Bhavan Rd (IOB)
Raj Bhavan Rd · Hyderabad, Andhra Pradesh
500020016 is the MICR code for the Raj Bhavan Rd branch of Indian Overseas Bank, located in Hyderabad, Andhra 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 IOBA0001180.
Bank
Indian Overseas Bank
Branch & Address
Raj Bhavan Rd
6 3 899 by 1, Rvs Kamal Cajole, I Floor, Raj Bhavan Rd, Somajiguda, Hyderabad
Hyderabad, Hyderabad, Andhra Pradesh
Contact
23421528MICR Code Structure
500
City
020
Bank
016
Branch
City code 500 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 016 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Hyderabad
Other banks in Hyderabad, Andhra 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 (IOBA0001180) 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 500020016 is in the middle, and your account number is on the right.