Indian Overseas Bank Kukatpally (IOB)
Kukatpally · Rangareddy, Andhra Pradesh
500020029 is the MICR code for the Kukatpally branch of Indian Overseas Bank, located in Rangareddy, 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 IOBA0001730.
Bank
Indian Overseas Bank
Branch & Address
Kukatpally
439 and 440 M I G Phase Vi K P H B Colony Kukatpally Hyderabad 500072
Rangareddy, Kukatpally, Andhra Pradesh
Contact
2223750MICR Code Structure
500
City
020
Bank
029
Branch
City code 500 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 029 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Rangareddy
Other banks in Rangareddy, 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 (IOBA0001730) 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 500020029 is in the middle, and your account number is on the right.