Indian Overseas Bank Berhampur Gajapathi Nagar (IOB)
Berhampur Gajapathi Nagar · Baleshwar, Odisha
760020003 is the MICR code for the Berhampur Gajapathi Nagar branch of Indian Overseas Bank, located in Baleshwar, Odisha. 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 IOBA0001530.
Bank
Indian Overseas Bank
Branch & Address
Berhampur Gajapathi Nagar
Vijay Bhavan, Vos Campus, Engg School Road, Berhampur PIN 760010
Baleshwar, Berhampur, Odisha
Contact
2290825MICR Code Structure
760
City
020
Bank
003
Branch
City code 760 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Baleshwar
Other banks in Baleshwar, Odisha
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 (IOBA0001530) 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 760020003 is in the middle, and your account number is on the right.