Indian Overseas Bank Kharagpur (IOB)
Kharagpur · North 24 Parganas, West Bengal
721020102 is the MICR code for the Kharagpur branch of Indian Overseas Bank, located in North 24 Parganas, West Bengal. 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 IOBA0001289.
Bank
Indian Overseas Bank
Branch & Address
Kharagpur
Purathan Bazaar Sitala Sweets First Floor Kharagpur PIN 721301
North 24 Parganas, Kharagpur, West Bengal
Contact
+913222255018MICR Code Structure
721
City
020
Bank
102
Branch
City code 721 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 102 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near North 24 Parganas
Other banks in North 24 Parganas, West Bengal
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 (IOBA0001289) 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 721020102 is in the middle, and your account number is on the right.